January 23, 2025

cost of new entry (CONE)

PJM
PJM MIC Briefs: Jan. 8, 2025
PJM presented stakeholders with proposed manual revisions to implement a requirement that dual-fuel generators must offer schedules with both of their fuels into the energy market during the winter, as well as changes to the operational and seasonal testing for capacity resources.
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Pennsylvania Seeks Lower PJM Capacity Price Cap in FERC Complaint
Pennsylvania Gov. Josh Shapiro filed a complaint with FERC on behalf of the state asking the commission to revise how the maximum clearing price in PJM's capacity auction is determined.
© RTO Insider LLC 
PJM MIC Briefs: Dec. 4, 2024
PJM's Adam Keech told the Market Implementation Committee the RTO plans to file governing document revisions with FERC to expand the requirement that resources must offer into the capacity market to also apply to all resources holding capacity interconnection rights.
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PJM Stakeholders Wary of Expedited Interconnection Proposal
Stakeholder opinions were sharply divided at the PJM Members Committee’s meeting regarding RTO proposals to allow high capacity factor resources to be sped through the interconnection queue and revise aspects of the capacity market. 
Talen Energy
FERC Approves PJM Capacity Auction Delay

FERC approved a PJM waiver request to offset the RTO’s capacity auction schedule by six months starting with the 2026/27 Base Residual Auction.

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PJM MIC Briefs: Nov. 8, 2024
PJM presented an issue charge focused on the potential for compensation for generators providing black start service to fall to zero a decline in net cost of new entry values in the 2025/26 Base Residual Auction.
Google Earth
Transition Spurs Power Producers to Ask for Fresh Look at MISO Cost of New Entry
Midwestern power producers are asking for re-evaluation of MISO’s cost of new entry in light of recent clean energy goals.
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NYISO Offers Final Staff Recommendations for Demand Curve Reset
NYISO presented its final interim staff recommendations for the demand curve reset for 2025-2029 at the Installed Capacity Working Group’s meeting, with minor updates to some metrics.
PJM
PJM MIC Briefs: Sept. 11, 2024
PJM presented how the planning parameters for the 2026/27 Base Residual Auction affected the variable resource rate curve, which intersects with supply and demand to determine auction clearing prices.
PJM
PJM MRC/MC Briefs: Aug. 21, 2024
Consumers and electric distributors in PJM opposed a proposal to revise two financial parameters used to calculate the cost of new entry input to the 2027/28 Base Residual Auction.

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