The 2022 Long-Term Plan covers the IPA’s renewable energy resources procurement activities for 2022 and 2023. The IPA filed its 2024 Long-Term Renewable Resources Procurement Plan (“2024 Long-Term Plan”) with the Illinois Commerce Commission (“ICC”) on October 20, 2023 related to procurement activities, including future Indexed REC RFPs, for 2024 and 2025. The 2024 Long-Term … Continue reading When will the next Indexed REC RFP be held and what are the expected REC quantities to be procured?
Section 4.1(d) of the Indexed REC Contract outlines the termination of the contract if the Seller determines that it will not be able to construct the Project in a timely manner prior to the REC Delivery deadline. In such a case Seller shall provide a written notice of that determination to Buyer. Buyer shall be … Continue reading If a Seller is successful in this Indexed REC RFP, but ultimately due to significant inflation and interest rate increases prior to construction, the Project is no longer economic at the strike price, are there any remedies available to the Seller who is committed to developing the project? Can the Seller submit a new bid in a subsequent Indexed REC RFP for the Project and if so, what would be the process?
Please see Section VI.3 of the RFP rules for additional information regarding Confidentiality. Any information provided by a Bidder or Seller in its Part 1 Proposal and Part 2 Proposal is provided on a confidential basis to the Procurement Administrator and may be provided on a confidential basis to the Procurement Monitor, to the IPA, … Continue reading Will the Companies and the IPA sign a confidentiality agreement?
In accordance with the Act and ICC Orders, the following information will be made public at the time of ICC approval: (i) the names of successful suppliers; (ii) the weighted average of the winning bids; and, the following information is also released provided that there are at least three (3) successful suppliers: (iii) the number … Continue reading Where can I find the results for the capacity procurement event held under the Fall 2023 BEC RFP?
Each year the IPA submits its Electricity Procurement Plan (“Plan”) to the Illinois Commerce Commission (“ICC”) in compliance with Public Act 95-0481 (the “Act”), which includes the Illinois Power Agency Act (“IPA Act”). Starting with the 2018 Procurement Plan, the IPA has conducted two capacity procurements to cover a portion of Ameren’s capacity requirements, one … Continue reading How often are capacity procurement events held, and for what Delivery Years will capacity be procured?
The Average Winning Bid Price of $69.83/MWh, provided in the Indexed REC RFP Results for Summer 2023, is an average of the winning strike price for the winning utility-scale solar and brownfield site photovoltaic projects weighted by the annual quantity of RECs awarded for each project. Please note, there were no winning utility-scale wind projects … Continue reading Is the Average Winning Bid Price ($/MWh) provided in the Indexed REC RFP Results a weighted average?
Under the Illinois Public Utilities Act (220 ILCS 5/16-111.5), “For the procurement of standard wholesale products, the names of the successful bidders and the load weighted average of the winning bid prices for each contract type and for each contract term shall be made available to the public at the time of Commission approval of … Continue reading What information will be publicly disclosed for winning applications?
The Procurement Administrator posted the presentation materials and the audio recording from the bidder information webcast held on October 3, 2023 to the Final Materials page of the Indexed Wind, Solar, and Brownfield section of the website.
In accordance with the Act and ICC Orders, the following information is made public at the time of ICC approval of a procurement event for Energy Products for a Company: (i) the names of successful Bidders; (ii) the load-weighted average of the winning Bids for each Segment of each month; (iii) the load-weighted average of … Continue reading Where can I find the results from previous RFPs for Block Energy Products for AIC, ComEd, and MEC?
Individuals that register for an account for the Fall 2023 BEC RFP will receive an email prior to the opening of the Part 1 Window with account activation instructions. The Procurement Administrator will also send instructions for accessing and completing the online qualification forms at that time. The Part 1 Window for the Fall 2023 … Continue reading I have registered for an account for the Fall 2023 Block Energy and Capacity RFP (“BEC RFP”). When will I receive my account information?