Announcements


Indexed REC RFP – ANNOUNCEMENT: Invitation to Comment on the Draft Indexed REC Contract and Preliminary Proposal Requirements

Public Act 102-0662 (the “Climate and Equitable Jobs Act”) was signed into law and became effective on September 15, 2021. On January 1, 2024, Public Act 103-0380, related to the procurement of RECs from certain hydropower projects, was signed into law and became effective. In accordance with Public Act 102-0662, the Illinois Power Agency (“IPA”) filed the 2024 Long-Term Renewable Resources Procurement Plan (“2024 Long-Term Plan”) with the Illinois Commerce Commission (“ICC”) on October 20, 2023. The ICC issued a Final Order approving the 2024 Long-Term Plan with modifications on February 20, 2024.

The 2024 Long-Term Plan provides for a procurement of Indexed Renewable Energy Credits (“Indexed RECs”) from new utility-scale wind projects, new utility-scale solar projects, new brownfield site photovoltaic projects, and new hydropower projects at an existing dam or modernized or retooled hydropower projects at an existing dam this Summer 2024. The calendar for the Summer 2024 Indexed REC RFP is available on the procurement website here.

On March 15, 2024, the Procurement Administrator posted to the procurement website Preliminary Proposal Requirements and the Draft Indexed REC Contract for the Summer 2024 Indexed REC RFP. The Procurement Administrator invites interested parties to submit their comments on any aspect of the Draft Indexed REC Contract and the Preliminary Proposal Requirements. The comment process is explained in the Invitation to Comment posted here.  The process can be summarized as follows:

  • Please submit an attachment with your comments on the Draft Indexed REC Contract and the Preliminary Proposal Requirements by email to the Procurement Administrator at: Illinois-RFP@nera.com
  • Please provide telephone and e-mail contact information in the event that the Procurement Administrator seeks clarification regarding your comments.
  • If providing feedback on the Draft Indexed REC Contract, please submit your comments with track changes in Microsoft Word. We strongly encourage you to provide explanatory notes either in a separate document or highlighted in tracked changes.
  • If providing feedback on the Preliminary Proposal Requirements, please include a reference to the section name, from the left-hand column of the respective table, that is applicable to the requirement for which you are providing comment(s).

The deadline to provide comments is Friday, April 5, 2024.     

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