The Forward Capacity Market (FCM) daily 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 have cleared in a FCA (excluding self-supply), cleared in a SA, cleared in a RA, or entered into a CSO bilateral transaction. The FCM daily credit line item can be a charge, depending on the combination of reconfiguration, substitution, and bilateral activity.
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The hourly services bill detail contains a single line item for all the capacity supply obligation activity entitled "FCM Daily 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
The following month-ahead reports will assist in calculating the FCM daily credits
SD_FCMDARDNCBA Summary data for Non-Conforming Bid Adjustment for a customer with ownership in a Dispatchable Asset Related Demand (DARD)
SR_FCMSUPPLYCREDITSUM Summary data for FCM monthly supply credits and Annual Reconfiguration Transaction (ART) payments, issued daily during the settlement obligation month
SR_FCMDLYSTLSUM Summary data for credits and charges, issued daily during the settlement obligation month
FCM Daily Credits and Charges Calculation Summary
FCM Month-Ahead Credits and Charges Calculation Summary
The positive net of FCM credits for both supply (generation and imports) and demand resources 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.