Fuel Cost Policies

Market Sellers are required to have a PJM-approved fuel cost policy for each unit and fuel type for which they wish to submit a non-zero, cost-based offer into the energy market. Fuel cost policies must be drafted in accordance with Manual 15 and the Operating Agreement. All approved fuel cost policies will undergo a periodic review by the Market Seller, PJM and the IMM prior to the policy expiration to ensure that the cost offer estimation practices are still accurate and acceptable.

	Date
Fuel Cost Policy Guidelines PDF	5.15.2025
VOM Template Cost Agent User Guide PDF 2025 VOM Worksheet XLS Review Guidelines PDF Default Values PDF PJM Connect WEB	4.11.2024 4.28.2025 4.27.2023 4.27.2023 4.1.2025
2024 VOM Education Session: Process PDF | Streaming WEB	4.25.2024

Timelines
Fuel Cost Policy Submission
Fuel cost policies should be submitted in MIRA using the template guidelines provided on the Monitoring Analytics website.

Contact PJM
(866) 400-8980 (610) 666-8980
Other Contacts Fuel Cost Policy Analysis

Tools
MIRA - submit monthly fuel information Learn More | Sign In

Manuals
M-15: Cost Development Guidelines  Clean WEB | Current | Redline PDF Sections 1.8 and 2.3 (1 and 7)

Agreements
Operating Agreement WEB | PDF - Schedule 2