The Illinois Power Agency Act (“IPA Act”) requires that benchmarks are kept confidential.
Information regarding the establishment of the market-based price benchmark is provided in the IPA Act and pasted below for convenience. Section 16-111.5 of the Act states that the procurement process shall include “(3) Establishment of a market-based price benchmark. As part of the development of the procurement process, the procurement administrator, in consultation with the … Continue reading When are the benchmarks determined?
Section 16-111.5 of the Act states that the procurement process shall include “(3) Establishment of a market-based price benchmark. As part of the development of the procurement process, the procurement administrator, in consultation with the Commission staff, Agency staff, and the procurement monitor, shall establish benchmarks for evaluating the final prices in the contracts for … Continue reading Are the benchmarks that will be used in the evaluation of bids under the BEC RFP market-based?
As stated in Paragraph I.2.11 of the Spring 2022 Block Energy and Capacity RFP Rules, “The evaluation of Bids for a Company in its procurement event for Energy Products proceeds in two steps. In the first step, all Bids that fail to meet the benchmarks are eliminated. In accordance with the Act, benchmarks are established … Continue reading Where can I find information on evaluation procedure and benchmarks relevant to the procurement events held under the Spring 2022 Block Energy and Capacity RFP?
The evaluation of the Bids, which is fully described in Paragraph VI.2.10 of the Final Indexed REC RFP Rules, implies that the number of RECs from the highest-priced Project selected may be less than the full quantity (a “partial award”). For this reason, a Bidder must specify, in addition to the annual full quantity that … Continue reading Can the evaluation procedure select an annual quantity of RECs between the minimum quantity and full quantity provided in the Bid?
Bids are evaluated on a price-only basis and independently for each Category of Project (i.e., utility-scale wind project, utility-scale solar project, or brownfield site photovoltaic project).
Benchmarks are established by the Procurement Administrator, in consultation with the IPA, the Procurement Monitor, and the ICC Staff. The benchmarks are confidential and are subject to review and approval by the ICC.
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, the original document described the forward price curve as a way to calculate an annual payment cap under the Indexed REC Contract. This … Continue reading Can you confirm that the Forward Price Curve will not be used to establish an annual cost cap for utility REC purchases in the Spring 2022 Indexed REC RFP?
The IPA Act, as amended by Public Act 102-0662, requires the IPA to conduct at least one subsequent forward procurement for indexed renewable energy credits within 240 days of September 15, 2021, the effective date of Public Act 102-0662. The IPA must do so notwithstanding whether the Commission has approved the 2022 Long-Term Renewable Resources … Continue reading Slides 14 and 71 of the bidder information webcast from March 22, 2022 describe the bid evaluation for the Spring 2022 Indexed REC RFP as based on price only. On the other hand, Section 5.4.3 of the 2022 Long-Term Renewable Resources Procurement Plan (2022 Long-Term Plan) that was filed for Commission approval dated March 21, 2022 describes additional bid evaluation preferences applicable to competitive procurements for indexed renewable energy credits from utility-scale wind, utility-scale solar, and brownfield site photovoltaic sites. Will the bid evaluation preferences described in the filing (2022 Long-Term Plan) apply for purposes of bid evaluation in this Spring 2022 Indexed REC RFP?
Bidder training is organized for bidders to practice all aspects of the bid submission procedure to be used on the bid date. Bid forms submitted during bidder training are not evaluated. We recommend that bidders practice filling out the bid form during bid training. The bidder can leave blank the Certification on the “General Information” … Continue reading Is the bid form we submit during bidder training evaluated?