Report
April 21, 2022
PJM CONE 2026/27 Report
Prepared with Sargent & Lundy for PJM Interconnection
PJM Interconnection, L.L.C (PJM) retained consultants at The Brattle Group (Brattle) and Sargent & Lundy (S&L) to review key elements of the Reliability Pricing Model (RPM), as required periodically under PJM’s tariff. This report presents our estimates of the Cost of New Entry (CONE) for the 2026/2027 commitment period, recommendations regarding the methodology for calculating the net energy and ancillary service revenue offset (E&AS Offset), and our recommendation for the selection of the reference resource. A separate, concurrently-released report presents our review of the VRR curve shape.
