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How long do the commitment periods for the capacity obligations last in the FCM?

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How long do the commitment periods for the capacity obligations last in the FCM?

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If cleared, an existing capacity resource will have a one-year commitment for the power year for which the Forward Capacity Auction (FCA) is being held (commitment period. A new capacity resource can choose a commitment period of up to five years, in one-year increments. Capacity resources are mapped to and paid the clearing price in the capacity zone in which they are electrically interconnected.

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