Markets & Operations

Fuel Cost Policies

Given the Federal Energy Regulatory Commission’s approval of PJM’s Hourly Offers filing in Docket No. ER16-372-002PDF on February 3, 2017, all Market Sellers must have a PJM-approved Fuel Cost Policy for each fuel type by May 15, 2017.

Market Sellers that offer a generation resource, including external capacity and energy-only resources, and submit a cost-based offer in the PJM Interchange Energy Market are required to have a PJM-approved Fuel Cost Policy in accordance with Manual 15 and the Operating Agreement, Schedule 2.

Date
Frequently Asked QuestionsPDF
6.6.2017

Timelines


Annual Review

 

June 15, 2017 is the deadline to:

  1. confirm your currently effective and PJM-approved Fuel Cost Policy is still compliant, or;
  2. submit an updated Fuel Cost Policy that is complies with Manual 15 and the PJM Operating Agreement, Schedule 2, for approval before November 1. 

August 1, 2017 is the deadline to submit:

  1. a sample Emissions calculation that contains all unit emission rates and allowance adders for CO2, SO2, and NOX, and;
  2. a sample VOM calculation that includes all Variable Operations & Maintenance costs. All VOM costs must be calculated in accordance with Manual 15 and Schedule 2 of the Operating Agreement.
Market Sellers must submit on an annual basis a confirmation their current effective and approved Fuel Cost Policy remains compliant, or submit an updated policy for approval no later than June 15 of each year. PJM will send communication to all Market Sellers by June 1, 2017 with detailed instructions to confirm or submit an updated policy. For more information please see Manual 15, Section 2.3.1.14, or contact PJM for assistance.

Submission Information

 
Fuel Cost Policies should be submitted in MIRA using the template guidelines provided on the Monitoring Analytics website.

Contact PJM

Other Contacts

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

Fuel Cost Policy Analysis

Tools

 
MIRA - submit monthly fuel information
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Manuals

 
M-15: Cost Development Guidelines 
CurrentRedlinePDF Sections 1.8 and 2.3 (1 and 7)

Agreements

Operating AgreementPDF Schedule 2: Components of Cost