Under Section 6.4 of the Indexed REC Contract, to demonstrate compliance with the MES the following reports must be submitted to the IPA for each delivery year for which Construction Activities have been performed or will be performed; MES Compliance Plan. The first MES Compliance Plan shall be submitted to the IPA within thirty (30) … Continue reading What reports are required to comply with MES?
Archives
BEC-28: Can you provide the information needed to complete Paragraph 12 in the Form of Guaranty for AIC and the Form of Guaranty for MEC?
After the ICC approves some or all of a Bidder’s Bids in the procurement event for AIC Energy Products and/or the procurement event for MEC, AIC and MEC prepare and send a partially executed electronic copy of the applicable supplier contract and related documents to the Seller. At that time, the Seller may contact AIC … Continue reading Can you provide the information needed to complete Paragraph 12 in the Form of Guaranty for AIC and the Form of Guaranty for MEC?
BEC-27: Can you provide the Word version of the Forms of Guaranty?
Please email the Procurement Administrator at Illinois-RFP@nera.com to receive these documents.
BEC-24: Where can I find changes between the contract documents used for the Fall 2022 BEC RFP and the contract documents used for the Spring 2023 BEC RFP?
Redlines of the changes between the contract documents used for the Fall 2022 BEC RFP and the contract documents used for the Spring 2023 BEC RFP are posted to the Draft Documents page of the Block Energy and Capacity section of the procurement website. There are no changes between the draft contract documents and final … Continue reading Where can I find changes between the contract documents used for the Fall 2022 BEC RFP and the contract documents used for the Spring 2023 BEC RFP?
Indexed REC-21: Does when your project is energized impact the duration of the REC delivery period such that the period of time for REC Deliveries would be shorter for Projects that are energized later vis-à-vis Projects that are energized earlier?
No. The Indexed REC Contract provides (a) time to develop and construct the Project following the Effective Date of the contract and (b) time to Deliver the RECs once the Project is energized. The period of time for the Delivery of RECs is the “Delivery Term” under the Indexed REC Contract and starts on the … Continue reading Does when your project is energized impact the duration of the REC delivery period such that the period of time for REC Deliveries would be shorter for Projects that are energized later vis-à-vis Projects that are energized earlier?
Indexed REC-17: Is the REC Monthly Price Hourly Component calculated differently for projects taking revenue from a PPA?
The REC Monthly Price Hourly Component is calculated in the same manner for all projects. This term is defined in the Indexed REC Contract. In accordance with the Fall 2022 Indexed REC Rules and Contract, a Bidder will select an “Index Hub”, either MISO-IL Hub or PJM-NIHUB, for each Project for which a Bid is … Continue reading Is the REC Monthly Price Hourly Component calculated differently for projects taking revenue from a PPA?
BEC-7: I understand that there could be a payment adjustment on delivered ZRCs under the (AIC) Capacity Agreement if the ZRCs are not from the compliance zone. Is this payment adjustment based on distance from the Compliance Zone (LRZ 4)?
The payment adjustment is based on the difference between the Auction Clearing Price from the MISO Planning Resource Auction (“PRA”) for the Source Zone associated with the ZRCs and the Compliance Zone (LRZ 4). Please see FAQ-Capacity-1 and FAQ-Capacity-2 for examples of the payment adjustment.
BEC-6: With reference to the (AIC) Capacity Agreement, please confirm that there are no payment adjustments for ZRCs that are from the compliance zone, which is LRZ 4.
Yes, this is correct. Only ZRCs from outside the compliance zone are subject to payment adjustments under the term of the (AIC) Capacity Agreement.
BEC-5: I understand that there could be a payment adjustment on delivered ZRCs under the (AIC) Capacity Agreement if the ZRCs are not from the compliance zone. Can you provide an example where the adjustment will add to the payment to Seller?
Under the terms of the (AIC) Capacity Agreement, payments to Seller will only be adjusted to reflect an increased payment if the Source Zone ACP in a season is greater than the Compliance Zone ACP in that season where the Compliance Zone is LRZ4. For purposes of the below example, the “ACP” refers to the … Continue reading I understand that there could be a payment adjustment on delivered ZRCs under the (AIC) Capacity Agreement if the ZRCs are not from the compliance zone. Can you provide an example where the adjustment will add to the payment to Seller?
BEC-4: I understand that there could be a payment adjustment on delivered ZRCs under the (AIC) Capacity Agreement if the ZRCs are not from the compliance zone. Can you provide an example where the adjustment will result in a reduced payment to Seller?
Under the terms of the (AIC) Capacity Agreement, payments to Seller will be reduced if the Compliance Zone ACP in a season is greater than the Source Zone ACP in that season where the Compliance Zone is LRZ4. If the amount of the payment reduction is greater than the unadjusted payment, then Seller (not Buyer) … Continue reading I understand that there could be a payment adjustment on delivered ZRCs under the (AIC) Capacity Agreement if the ZRCs are not from the compliance zone. Can you provide an example where the adjustment will result in a reduced payment to Seller?