A Project selected through the Brownfield and Utility-Scale Solar RFP and approved by the Illinois Commerce Commission will be assessed a Supplier Fee that will be due within seven (7) business days after ICC approval of the Bids. The Supplier Fee is $0.23 times the Annual Quantity of RECs bid for a Project.
For illustrative purposes, we provide below an example of the calculation of the Supplier Fees that will be due to the Illinois Power Agency. If a Project is selected through the Brownfield and Utility-Scale Solar RFP and is approved by the Commission, and if the annual quantity that the Bidder submitted in its Bid for the Project is 100,000 RECs, then the Supplier Fees due would be $23,000, which is calculated as follows:
|Supplier Fee per REC||= $0.23 per REC of the Annual Quantity Bid|
|Annual Quantity Bid||= 100,000 RECs|
|Supplier Fees for Project||= Supplier Fee x Annual Quantity Bid
= $0.23 x 100,000 RECs = $23,000