No. The arrangement proposed in your example is prohibited under the Indexed REC Contract. In order for the REC Monthly Price Hourly Component to be calculated under the Indexed REC Contract, the Project must allow for its MWh production (as opposed to energy exported from the storage facility) to be measured for each hour.
First, the Procurement Administrator cannot advise bidders on their bid submissions. The Strike Price that you indicate in your Bid will be used to calculate the payments under the Indexed REC Contract and there is no separate payment adjustment related to additional battery storage under the Indexed REC Contract. Second, with respect to a Project … Continue reading If we add battery storage to our Project, how would this be included in the Bid?
As stated in Section V.1 of the RFP Rules, once the Part 1 Proposal is complete, the Project information including the name of the Project, category of the Project, and size of the Project provided in the Part 1 Proposal cannot be changed in the Part 2 Proposal. In addition, according to Section IV.7.3 of … Continue reading Can a Bidder increase the size of Project after submitting the Part 1 Proposal?
The size of the Project in MW (AC rating), provided within Part 1 Proposal, is used to calculate the bid assurance collateral and the Maximum Bid Size. For this Fall 2022 Indexed REC RFP, the amount of bid assurance collateral required for a Project is a function of both the size of the Project in … Continue reading What is the role of Project size in the Bid?
The results from previous procurement events can be found on the procurement website. If you click on the “Previous RFPs” link on the left-hand side of the home page, you can find a list of previous procurements. Within each procurement’s archived page you can locate the procurement results. The results from the Spring 2022 Indexed … Continue reading Where can I find past brownfield site project winners?
In order to submit a Bid for a Project, a Bidder must submit a Proposal, which consists of two parts. The first part of the Proposal, the Part 1 Proposal, is the Bidder’s response to the qualification standards described in Article IV of the RFP Rules for a Project. The Part 1 Proposals are received … Continue reading What are the timelines to submit a Proposal for a Project in the Fall 2022 Indexed REC RFP?
A behind the meter project that would utilize a Power Purchase Agreement can qualify to participate in the Fall 2022 Indexed REC RFP. Such a project must meet the requirements in Sections IV and V of the Indexed REC RFP Rules. Please see more information including a discussion of the intent of this requirement in … Continue reading Can a behind the meter project that would utilize a Power Purchase Agreement qualify to participate in the Fall 2022 Indexed REC RFP? Or would such a Project be considered a Project whose costs are being recovered through rates regulated by Illinois or any other state or states, in which case it would not be able to qualify to participate?
As defined by the Act, utility-scale wind projects and utility-scale solar projects must have a nameplate capacity greater than 5,000 kW (AC rating). A Project that first started operations on or before June 1, 2017 is not eligible to participate in this RFP. In order to submit a Bid for a Project, a Bidder must … Continue reading How does a project qualify as utility-scale so that it can participate in the Indexed REC RFP?
The Bid Participation Fee may be paid from an affiliate entity’s bank account. When completing payment via E-Pay be sure the paying entity name matches the name assigned to the bank account and routing numbers to avoid processing errors or delays.
Yes, a bidder may submit a Part 1 Proposal for a Project, and later decide to not submit a Part 2 Proposal for that Project.