Announcements

A Seller in the Summer 2026 Indexed REC RFP may opt into a one-time Strike Price Adjustment Mechanism described in Exhibit G to the Indexed REC Contract. The election is made in the Bid Form due on the Bid Date, June 17, 2026.

The following table provides the Forecast Factor by Technology that will be used for purposes of bid evaluation in the Summer 2026 Indexed REC RFP. The Forecast Factors are calculated based on forecasts from Moody’s Analytics of the historical indices in the Strike Price Adjustment Mechanism formulas in Exhibit G.

In the Bid Form, the Seller must specify whether the Strike Price Adjustment Mechanism under the Indexed REC Contract applies to the Project. If yes, then the Strike Price in the Bid is adjusted using the Forecast Factor. The Forecast Factor is the expected percent change in the Strike Price under the Strike Price Adjustment Mechanism if such an adjustment is made thirty (30) months after the day on which the Commission approves the Bid for the Project. A numerical example of how the Forecast Factor will be applied for each Technology during bid evaluation is provided in Appendix 15: Evaluation Process (April 29, 2026) on the Final Materials Page.

Please refer to paragraph VI.2.9 of the RFP Rules (April 6, 2026) and Appendix 15: Evaluation Process (April 29, 2026) for further information on how the Forecast Factor is used for bid evaluation. A description of the forecasting approach used by Moody’s Analytics is available here.

Please direct any questions regarding the Indexed REC RFP to the "Ask a Question" page of the procurement website.