PJM proposed changing the demand curve to be used in the 2015 Base Residual Auction, while recommending the RTO continue using a combustion turbine as the model for determining the Cost of New Entry (CONE).

The PJM Markets and Reliability and Members committees approved the following measures with little discussion at their October 24th meeting.

The Planning Committee endorsed PJM staff’s recommendation to increase the Installed Reserve Margin (IRM) to 16.2% for delivery year 2014/15 (up from 15.9% in the 2012 analysis).

The PJM Planning Cmte. voted to continue using a load model based on the period 1998-2006 in its calculation of Installed Reserve Margin (IRM) requirements.