Zonal Resource Credit (ZRC) is a unit of deliverable Unforced Capacity qualified by MISO located in a specific Local Resource Zone and is the unit of measure for resources participating in the Planning Resource Auction. Market Participants who own Planning Resources must convert their Unforced Capacity into a ZRC by demonstrating deliverability to participate in the Planning Resource Auction (PRA). Market Participants can demonstrate deliverability via interconnection service or firm transmission service. The ZRC product facilitates trading in the marketplace by providing certainty of the value and physical location (e.g., LRZ) of deliverable capacity to support bilateral contracting in the marketplace.
For more details, please see BPM 011 – Resource Adequacy