Block Energy and Capacity Procurement
On September 29, 2021, the IPA submitted its Procurement Plan (“Plan”) to the Illinois Commerce Commission (“ICC”) in compliance with Public Act 95-0481 (the “Act”), which includes the Illinois Power Agency Act (“IPA Act”). The ICC issued its Order with regards to the Plan on November 4, 2021. The Plan approved by the ICC provides for (i) a Spring 2022 procurement of monthly on-peak and off-peak standard block forward products as well as combinations for Ameren Illinois Company (“AIC”), Commonwealth Edison Company (“ComEd”), and MidAmerican Energy Company (“MEC”); (ii) a Spring 2022 procurement of capacity for AIC for a period starting June 1, 2023 and a period starting June 1, 2024; (iii) a Fall 2022 procurement of monthly on-peak and off-peak standard block forward products as well as combinations for AIC and ComEd; and (iv) a Fall 2022 procurement of capacity for AIC for a period starting June 1, 2023 and a period starting June 1, 2024. The supply period for the standard block forward products will be June 1, 2022 to May 31, 2025. These procurement events are held under the Block Energy and Capacity RFP or “BEC RFP”.
The Spring 2022 procurement events for standard block forward products were held on April 18, 2022 and did not fully meet the load requirements for each Company. Additional procurement events were held to procure standard block forward products for the period June 1, 2022 through September 30, 2022 for each Company. These additional procurement events, called the “Supplemental Procurement Events”, were held on May 16, 2022 under the Supplemental RFP.
On September 7, 2022, the Fall 2022 AIC capacity procurement event originally scheduled to be held on September 16, 2022 was cancelled when the IPA filed a Notice of Cancellation of Capacity Procurement Event with the ICC. This filing was made in response to a FERC order accepting Midcontinent Independent System Operator, Inc.’s (“MISO”) proposal to implement a seasonal capacity construct beginning in the 2023-2024 Delivery Year, essentially eliminating the annual ZRC capacity product the IPA was slated to procure on September 16, 2022.
Deadlines and dates of main events are provided on the Calendar Page. The schedule is subject to revision.
You may register to receive announcements for these procurement events held under the Block Energy and Capacity RFP or “BEC RFP”, through the Register Page and selecting the “Block Energy and Capacity” option.
RSVP for the Fall Block Energy and Capacity Webcast here!
Click here to view Block Energy and Capacity FAQs.