The Summer 2023 Indexed REC RFP for new utility-scale wind projects, new utility-scale solar projects, and new brownfield site photovoltaic projects is currently ongoing. Please see the Calendar posted on the procurement website for deadlines regarding the Summer 2023 procurement event. Please note that while a Fall 2023 Indexed REC RFP has not been scheduled … Continue reading When will the next Indexed REC procurement event be held? Will the IPA hold procurements for both energy and RECs from utility-scale renewable projects?
Archives
Indexed REC-45: Does bidder have to be an approved vendor to bid in the RFP?
No, the Bidder is not required to be an approved vendor. The approved vendor concept is specific to the IPA’s Adjustable Block Program and Illinois Solar for All.
Indexed REC-38: Where can I find the posting of the Bidder Information Webcast materials for the Summer 2023 Indexed REC RFP?
The Procurement Administrator posted the presentation materials and the audio recording from the bidder information webcast held on May 2, 2023 to the Final Materials page of the Indexed Wind, Solar, and Brownfield section of the website.
Indexed REC-26: How do I register for the webcast on May 2, 2023?
Please RSVP and provide the number of phone connections needed using this LINK or by emailing the Procurement Administrator at Illinois-RFP@nera.com with the subject line “Summer 2023 Indexed REC RFP Webcast RSVP” with the number of phone connections needed. Call-in information will be provided to respondents on the morning of the webcast.
Indexed REC-25: What is the agenda for the Bidder Information Webcast scheduled for May 2, 2023?
The Summer 2023 Indexed REC RFP Webcast planned for Tuesday, May 2, 2023 is an informational webcast open to all prospective bidders that will provide an overview of the terms of the Indexed REC Contract and the RFP Process and Rules including qualification requirements. Time is scheduled for questions. The final documents for the Summer … Continue reading What is the agenda for the Bidder Information Webcast scheduled for May 2, 2023?
BEC-19: Are the Final Targets available in Microsoft Excel format?
The Final Targets are not available in Microsoft Excel format. The Final Targets are available in pdf format and are posted to the Final Materials page of the Block Energy and Capacity section of the procurement website under the “Spring 2023 Block Energy and Capacity RFP Targets” heading.
BEC-10: Why are the provisional targets 0 for all of the ComEd Energy Products in the 2023-2024 Delivery Year?
In approving the 2023 Electricity Procurement Plan, the Illinois Commerce Commission accepted a change proposed by ComEd to reduce the hedging target to 50% within the ComEd territory. The acceptance of ComEd’s proposal was conditioned on the ICC’s approval of tariff revisions to ComEd’s Rider Carbon-Free Resource Adjustment “CFRA” (the CMC tariff). The conditions related … Continue reading Why are the provisional targets 0 for all of the ComEd Energy Products in the 2023-2024 Delivery Year?
Indexed REC-20: Could you please provide guidance on when the Pre-Bid and Post-Bid letters of credit will be posted and whether or not there is an opportunity to provide comments or propose modifications on those documents?
For the Summer 2023 Indexed REC RFP, Bidders will have the opportunity to provide comments on, or propose modifications to, each of the Standard Pre-Bid Letters of Credit and Standard Post-Bid Letters of Credit for each Company with their Part 1 Proposal. The Part 1 Window opens on Wednesday, May 3, 2023 and Part 1 … Continue reading Could you please provide guidance on when the Pre-Bid and Post-Bid letters of credit will be posted and whether or not there is an opportunity to provide comments or propose modifications on those documents?
Indexed REC-19: Can you confirm that the winning “Utility-Scale Solar” projects listed in the Indexed Renewable Energy Credit Procurement Results posted December 15, 2022 do not include the Adjustable Block Program results?
The Indexed Renewable Energy Credit Procurement Results posted December 15, 2022 contain the results from the Fall 2022 Indexed REC RFP. The results are in regard to successful suppliers and selected Projects in the Fall 2022 Indexed REC RFP only. Information regarding the Illinois Power Agency Adjustable Block Program is not available on this website. … Continue reading Can you confirm that the winning “Utility-Scale Solar” projects listed in the Indexed Renewable Energy Credit Procurement Results posted December 15, 2022 do not include the Adjustable Block Program results?
Indexed REC-18: Can you please provide the Average Winning Bid Price for Utility-Scale Solar Projects from the Fall 2022 Indexed REC RFP?
The Average Winning Bid Price of $72.59/MWh, provided in the Indexed REC RFP Results for Fall 2022, is an average of the winning strike price for the winning utility-scale solar and brownfield site photovoltaic projects weighted by the annual quantity of RECs awarded for each project. The Average Winning Bid Price provided in the posted … Continue reading Can you please provide the Average Winning Bid Price for Utility-Scale Solar Projects from the Fall 2022 Indexed REC RFP?