Announcements


Indexed REC RFP – POSTING: Revised Schedule and Invitation to Comment on the Draft Indexed REC RFP Rules

The Procurement Administrator posted the Draft Indexed REC RFP Rules for the Spring 2022 Indexed REC RFP on January 20, 2022 and the appendices to the Draft Indexed REC RFP Rules on January 24, 2022 to the Draft Documents page of the Indexed Wind, Solar, and Brownfield section of the procurement website. On January 24, 2022, the Procurement Administrator also posted a revised schedule to the Calendar page.

The Procurement Administrator invites stakeholder feedback on any aspect of the Draft Indexed REC RFP Rules. The comment process is explained in the Invitation to Comment posted here.  The deadline to provide comments on the Draft Indexed REC Contract is Wednesday, February 9, 2022.

Additionally, on January 24, 2022, the Procurement Administrator posted a revised version of the Preliminary Proposal Requirements and Key Contract Terms originally posted on December 6, 2021. As noted in the revised version, this document describes the forward price curve as a way to calculate an annual payment cap under the Indexed REC Contract. This description is not correct. The preliminary contract terms and proposal requirements provided in that document are entirely superseded by the Draft Indexed REC Contract and Draft Indexed REC RFP Rules posted on January 20, 2022. For avoidance of doubt, the forward price curve will be used simply for budget planning purposes only and will not be used to establish an annual cost cap for utility REC purchases in the Spring 2022 Indexed REC RFP.