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November 13, 2024

cost of new entry (CONE)

MRC/MC Preview
Our summary of the issues scheduled for votes at the PJM MRC and MC on 08/21/14. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.
Life without Demand Response: Higher Prices but No Reliability Crisis, Says Monitor
PJM capacity prices would increase sharply but reliability would not be threatened if a recent federal court ruling eliminated demand response from wholesale markets, the Market Monitor said.
PJM Proposes Changes to Capacity Auction Parameters for 2015
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).
PJM-IMM Plan on FMUs Faces Generator Opposition
PJM and the IMM have reached agreement on a way to reduce the number of Frequently Mitigated Units eligible for “adders” but their proposal faces heavy opposition from generation owners.
PJM Proposes Change to CONE Schedule
PJM officials told members last week they want to accelerate the schedule of the quadrennial review of the Cost of New Entry (CONE) by two months.
MOPR Prevails Against New Jersey, Maryland
FERC was within its rights to approve PJM’s controversial capacity market MOPR rule changes in 2011, a federal appeals court ruled.
Future of MD Plant Unclear After Court Rebuff – Update
Maryland and CPV officials aren’t saying what their next move is in the wake of a federal court ruling that voided the state’s contract with developers of a 725 MW combined cycle plant in St. Charles.
Capacity Market Attracts Praise, Criticism at FERC
Six years after RPM’s inception,FERC convened a technical conference last week to ask the question: How’s the capacity market working for you?
MRC Actions
The PJM MRC approved agenda items 2, 4 and 5 unanimously Thursday, August 29, 2013. See story for issue, reason for changes, and impact.
PJM MRC Preview
Below is a summary of the issues scheduled to be brought to a vote at the PJM MRC (Markets and Reliability Committee) Thursday, August 29, 2013.

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