Markets & Operations

Fuel Cost Policies

Given the Federal Energy Regulatory Commission’s approval of PJM’s Hourly Offers filing in Docket No. ER16-372-002 PDF on February 3, 2017, all Market Sellers must have a PJM-approved Fuel Cost Policy for each fuel type by May 15, 2017. Updated policies as part of the 2017 Annual Review will become effective on November 1, 2017.

Market Sellers that offer a generation resource, including external capacity and energy-only resources, and submit a cost-based offer in the PJM Interchange Energy Market are required to have a PJM-approved Fuel Cost Policy in accordance with Manual 15 and the Operating Agreement, Schedule 2.

Frequently Asked Questions PDF
VOM Template XLS 7.25.2017
Emissions Template XLS


 Intraday Offers Timeline


Annual Review


November 1, 2017 is the deadline to approve all Fuel Cost Policies for the 2017 Annual Review and Intraday Offers.

Market Sellers must submit on an annual basis a confirmation their current effective and approved Fuel Cost Policy remains compliant, or submit an updated policy for approval no later than June 15 of each year. PJM will send communication to all Market Sellers by June 1, 2017 with detailed instructions to confirm or submit an updated policy. For more information please see Manual 15, Section, or contact PJM for assistance.

Submission Information

Fuel Cost Policies should be submitted in MIRA using the template guidelines provided on the Monitoring Analytics website.

Contact PJM

Other Contacts


(866) 400-8980
(610) 666-8980

Fuel Cost Policy Analysis


MIRA - submit monthly fuel information
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M-15: Cost Development Guidelines 
CurrentRedline PDF Sections 1.8 and 2.3 (1 and 7)


Operating Agreement PDF Schedule 2: Components of Cost