January 23, 2025

cost of new entry (CONE)

NYISO
Analysis Group: No Changes to NYISO CONE Method Needed
The Analysis Group told NYISO stakeholders it did not recommend any major changes to the annual process for updating the ISO’s gross cost of new entry for generators.
PJM
PJM MRC/MC Preview: Aug. 21, 2024
PJM proposes tightening "know your customer" rules, which require members to provide information to facilitate the due diligence PJM conducts on key decision-making leadership.
Z22, CC-BY-SA 4.0, via Wikimedia Commons
NYISO Presents Draft Recommendations for Demand Curve Reset
NYISO presented its draft recommendations for the demand curve reset, including the choice of a two-hour battery electric storage system resource as the proxy unit in calculations.
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PJM MRC Briefs: July 24, 2024
The PJM MRC endorsed one of two proposals to revise how the RTO uses reserve resources, approving a deployment scheme where instructions are sent by basepoints, while rejecting a parallel proposal to grant operators the ability to dynamically increase market procurements.
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PJM MIC Briefs: July 10, 2024
PJM’s Market Implementation Committee endorsed by acclamation a proposal to revise two financial inputs to the quadrennial review to reflect changing market conditions, particularly increased interest rates.
MISO
MISO: Sloped Curve Would Have Raised 2024/25 Capacity Auction Prices
As it gears up to run its first auctions using sloped demand curves, MISO said prices and procurement would have risen had it used them in this year’s auctions.
Analysis Group
Stakeholders Battle over Battery as Proxy in NYISO Demand Curve Reset
NYISO stakeholders are divided over consultants’ proposal to use a two-hour battery as the peaking plant in the ISO’s capacity market demand curve, as part of its quadrennial demand curve reset for 2025-2029. 
MISO
FERC Approves Sloped Demand Curve in MISO Capacity Market
After two requests for more information and nine months, FERC has greenlit MISO’s plan to exchange its current, vertical curve for sloped demand curves in its seasonal capacity auctions.
SPP
SPP’s REAL Team Approves Base PRMs, Sufficiency Value Curve
SPP’s REAL Team approved base planning reserve margins and a sufficiency valuation curve, codifying months of work.
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PJM MIC Briefs: June 5, 2024
PJM’s Market Implementation Committee endorsed by acclamation a proposal to add two energy market parameters for economic demand response.

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