Archives

BEC-19: Can you provide any information regarding how the benchmarks are determined?

The Illinois Power Agency Act (“IPA Act”) requires the establishment of a market-based price benchmark. The information available regarding the benchmark development is what is provided in the IPA Act and pasted below for your convenience. As described in the Webcast held on July 27, 2023, the benchmarks are developed using a confidential methodology, in … Continue reading Can you provide any information regarding how the benchmarks are determined?

BEC-17: Where can I find information on the process for submission of bids and the evaluation procedure for the AIC Capacity procurement event held under the Fall 2023 Block Energy and Capacity RFP?

The process for submission of bids is described in Section V.10 of the Fall 2023 Block Energy and Capacity RFP Rules and is summarized below: A “Bid” for a Capacity Product includes a price, in $/MW-day, for at least one ZRC for a given Season of a Planning Year for which ZRCs are procured. A … Continue reading Where can I find information on the process for submission of bids and the evaluation procedure for the AIC Capacity procurement event held under the Fall 2023 Block Energy and Capacity RFP?

Archived-BEC-96: Can we submit additional instructions regarding our Bids? Can the Procurement Administrator provide information on the relative value placed on the individual Seasons of a Planning Year for purposes of the bid evaluation?

The process for submission of Bids is described in Section V.10 of the Spring 2023 Block Energy and Capacity RFP Rules. A “Bid” for a Capacity Product includes a price, in $/MW-day, for at least one ZRC for a given Season of a Planning Year for which ZRCs are procured. A Bid also includes the … Continue reading Can we submit additional instructions regarding our Bids? Can the Procurement Administrator provide information on the relative value placed on the individual Seasons of a Planning Year for purposes of the bid evaluation?

Archived-BEC-94: Is there a maximum price that a Bidder may submit for AIC Capacity Products?

There is no such restriction on the price that a Bidder may submit with its Bids for AIC Capacity Products. As stated in Paragraph I.3.8 of the Spring 2023 Block Energy and Capacity RFP Rules, “The evaluation of Bids for the procurement of a Capacity Product for AIC proceeds independently for each Season in a … Continue reading Is there a maximum price that a Bidder may submit for AIC Capacity Products?

Archived-BEC-93: Where can I find information on the process for submission of bids and the evaluation procedure for the AIC Capacity procurement event held under the Spring 2023 Block Energy and Capacity RFP?

The process for submission of bids is described in Section V.10 of the Spring 2023 Block Energy and Capacity RFP Rules and is summarized below: A “Bid” for a Capacity Product includes a price, in $/MW-day, for at least one ZRC for a given Season of a Planning Year for which ZRCs are procured. A … Continue reading Where can I find information on the process for submission of bids and the evaluation procedure for the AIC Capacity procurement event held under the Spring 2023 Block Energy and Capacity RFP?

Indexed REC-56: Are Bids evaluated independently for each Category of Project?

The evaluation of bids proceeds independently for each Category as described in paragraph I.2.11. of the RFP Rules. In the first step, for a given Category, the evaluation of bids eliminates the bids with strike prices that fail to meet or beat the benchmark. Benchmarks are established by the Procurement Administrator, in consultation with the … Continue reading Are Bids evaluated independently for each Category of Project?

BEC-27: When are the benchmarks determined?

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?