Markets & Operations

Billing, Settlements & Credit

PJM manages all aspects of the electric grid and the wholesale market, including the purchase and sale of energy, transmission services and ancillary services. PJM provides weekly and monthly invoices for each market participant. The market settlements and billing FAQs provide an introduction to how charges are billed in the market. 

Guides

Date
Emergency Energy Settlement Process for April 2015 Load Management EventsPDF
5.4.2015
Guide to Billing:PDF|WEB
Contains billing line items, charges/credits and references
Requirements for Agency AgreementsPDF
Guidelines for using an agent to conduct business with PJM
Credit Overview & SupplementPDF
An overview of the credit policy and requirements, and supplement to the Open Access Transmission Tariff, Attachment Q
Market Settlements Reporting System Reports Documentation

Reconciliation Billing Determinants

2017

Monthly Billing DeterminantsCSV
Daily & Hourly Billing DeterminantsCSV
January

Past Years


Billing Determinant Definitions

Reconciliation billing determinants are used by PJM to reconcile past months' billings between EDCs and Retail Load Aggregators (a.k.a. Electric Generation Suppliers) for certain allocations that are based on real-time load ratio shares. The reconciliation kWh data supplied to PJM by the EDCs, which represents the difference between the scheduled Retail Load Responsibility eSchedules and the "actual" customer usage based on metered data, are multiplied by the applicable billing determinants to determine the reconciliation billing amounts for each of the following:

Scheduling, System Control & Dispatch Service Charges

PJM Charges - June 2006 - present

Monthly $/MWh rate calculated as PJM's Control Area Administrative Service (Tariff Schedule 9-1) rate, plus PJM's Market Support Service (Tariff Schedule 9-3) rate for transmission customers.

Transmission Owner Charges - July 1999 - present

Monthly $/MWh rate for each zone as filed in Schedule 1A of the PJM Open Access Transmission Tariff.

Regulation Charges

Regulation Charges - August 2005 - present

Hourly $/MWh rates calculated as total cost of Regulation in applicable PJM Mid-Atlantic or Western Control Zone regulation market divided by total real-time load in that market.

Transmission Loss Credits

Transmission Loss Credits – June 2007 - present

Hourly $/MWh rates calculated as total transmission loss revenues divided by total PJM real-time load plus exports.

Synchronized Reserve Charges

Synchronized Reserve Charges - May 2006 - present

Hourly $/MWh rates calculated as total cost of Synchronized Reserve in the applicable reserve zone divided by the total real-time load in that zone.

Network Integration Transmission Service Revenue Requirements & Rates

Date
January 2017PDF 1.12.2017
July 2016PDF 6.22.2016
June 2016PDF 6.1.2016
January 2016PDF
3.1.2016
August 2015PDF
8.31.2015
July 2015PDF
7.1.2015
June 2015PDF
5.27.2015
January 2015PDF
1.16.2015
THEO, PLC & NSPL Methodology Inventory
An inventory of the procedures for calculation of THEO, PLC, and NSPL for each of the electric distribution companies.
Formula Rates  

Network Service Peak Loads

Date
2017PDF 12.12.2016
2016PDF
12.9.2015
2015PDF
11.21.2014
2014PDF
1.24.2014
2013PDF
10.31.2012
2012PDF
11.9.2011
2011PDF
11.5.2010
2010PDF
12.9.2009
2009PDF
12.11.2008

Transmission Enhancement Worksheets

2017

Date
JanuaryXLS 2.6.2017

Past Years


2016 | 2015 | 2011-2014 | 2007-2010ZIP

Reactive Supply & Voltage Control Revenue Requirements

2017

Date
JanuaryPDF 2.2.2017

Past Years


2016 | 2015 | 2014 | 2013 | 2012ZIP

Preliminary Billing - Ancillary Services Market Data

Regulation: PJM
Synchronized Reserve: PJMDay-Ahead Scheduling ReserveNon-Synchronized Reserve

Black Start Revenue Requirements

2017

Date
JanuaryPDF 2.3.2017

Past Years


2016 | 2012-2015ZIP

Contact PJM

Other Contacts

member-community-button

(866) 400-8980
(610) 666-8980

Email:
Credit Group
Market Settlements Group
Cash Management Group

Credit

PJM Settlement, Inc. - Credit

New to Billing, Settlements & Credits?

Market Settlements/Billing FAQs 
Guide to Billing:PDF|WEB
Monthly Billing Statement Example
Quick Reference Guide to Market Settlements by Type of BusinessPDF
Subscribe to the Bill Notice Email List

Training

How billing, settlements and credit work at PJM
Market Settlements 101
Market Settlements Advanced
Two Settlement 

Market Settlements Subcommittee (MSS)

Upcoming Meetings | Past Meeting Materials
Issue Tracking 
Subscribe to the MSS email list 

Weekly Billing Calendars

Learn how to add the Market Settlements Billing schedule to your personal calendar

June 2017 - May 2018PDF
June 2016 - May 2017PDF
All dates - Web version 
PJM Business Holiday Calendar: 2017PDF
Holiday Deadline Extensions: 2017PDF

Manuals

M-27: Open Access Transmission Tariff Accounting
CurrentPDFRedlinePDF
M-28: Operating Agreement Accounting
CurrentPDFRedlinePDF
M-29: Billing
CurrentPDFRedlinePDF

Agreements

Operating AgreementPDF
Open Access Transmission TariffPDF