The IMM has recommended additional Capacity Replacement Non-Compliance Charges (CRNCC) for the Fall 2024 season. The charges and distribution of credits will be issued on the S55 settlement statement for Operating Day January 31, 2025, which will settle on Thursday, March 27, 2025. These Fall 2024 season distributions will be listed under Auction ID 21191.
Both the Fall CRNCC charges and distributions can be found in the RA Miscellaneous Adjustment (RA_MISC_ADJ) billing determinant under the Resource Adequacy Auction Amount (RT_RAA) charge type. Per Module E-1 section 69A.3.1.h, the CRNCCs will be distributed to Market Participants representing Load Serving Entities (LSEs) that have met their Planning Reserve Margin Requirement (PRMR) during the season on a pro rata basis, based upon their respective LSEs' share of total PRMR. The settlement amounts in the RA_MISC ADJ billing determinant will be a net of any CRNCC penalties and/or redistributions for each Asset Owner.
Per Section 5.1.1. Dispute Timeline in BPM-005, any Settlement Disputes on these CRNCC penalties and/or redistribution must be submitted within fifteen (15) Calendar Days from the date of resettlement, in this case Friday April 11, 2025.
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