For settlements prior to June 1, 2022 please refer to the Forward Capacity Market (FCM) Credit Archived.
The Forward Capacity Market (FCM) credit reflects the following:
Primary provisions for the Forward Capacity Market credit are included in, but not limited to, Market Rule 1, Section III.13.7.
FCM credits are applicable to generation, import, and demand resources that incurred a capacity performance payment or charge, incurred CETICZ charges, or have incurred a failure-to-cover penalty. If any capacity scarcity conditions occur during the month, every CSO resource will have a capacity performance payment included in the FCM credit. The performance payment can be a credit, a charge, or zero, depending on the resource’s capacity performance score. (A resource without a CSO, which has positive performance during capacity scarcity conditions, will also receive an FCM credit equal to its capacity performance payment.)
The FCM credit line item can be a charge, depending on the combination of failure-to-cover charges, capacity performance payments or charges or CETICZ charges.
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The monthly bill detail contains a single line item for all the CETICZ charges activity, capacity performance payments and failure-to-cover charges entitled "Forward Capacity Market Credit."
BL_DAILYPOSITION Daily financial position including all market service settlements and miscellaneous billing adjustments generated on a daily basis; and, issued to all active customers registered as a Participant or Non-participant
SD_FCMFTCDTL2 Details of failure-to-cover charges issued to a resource’s lead market participant in the month following the settlement obligation month
SD_FCMPFPACPPRELIM Preliminary actual capacity provided, issued to a resource or asset’s lead market participant for each day in which a capacity scarcity condition occurred; issued during the applicable settlement obligation month
SD_FCMPFPACP Actual capacity provided during a capacity scarcity condition, issued to a resource or asset’s lead market participant in the month following the obligation month
SD_FCMPFPCPSBT Capacity performance bilateral transactions, issued to a resource or asset’s lead market participant in the month following the obligation month
SD_FCMPFPRESPYMT Resource payments for performance during capacity scarcity conditions, issued to a resource or asset’s lead market participant in the month following the obligation month
SD_FCMPFPSCOREPRELIM Preliminary capacity performance score, issued to a resource or asset’s lead market participant for each day in which a capacity scarcity condition occurred during the obligation month; issued during the applicable settlement obligation month
SD_FCMPFPSCORE Capacity performance score, issued to a resource or asset’s lead market participant in the month following the obligation month
SD_FCMSCADJDTL Details of Forward Capacity Market supply credits issued to a resource’s lead market participant in the month following the obligation month
FCM Month-Ahead Credits and Charges Calculation Summary
FCM Daily Credits and Charges Calculation Summary
FCM PFP Performance Score Calculation Summary
FCM Performance Payment Calculation Summary
FCM Cost Allocation Credits and Charges Calculation Summary
The positive net of FCM credits for both supply (generation and imports) and demand resources and the failure-to-cover charge is reported on the SP_EQR Report issued to the lead market participant for the resource, available monthly one month after the given settlement, as referenced in the FERC EQR mapping line item FERC EQR Product Mapping Exhibit B.
