Electricity Settlements Company - Capacity Market Rules CP299

When a Stress Event occurs and CMUs are subject to Capacity Provider Penalties for under-delivery those Penalties are subject to an Agreement Monthly Penalty Cap. However, Rules and Regulations currently allow for that cap to a) become a negative value and b) do not provide for month-to-date penalties to follow Physically Traded Capacity Obligations to other CMUs. This proposal seeks to address both these issues.