The process for submission of Bids is described in Section V.10 of the Spring 2023 Block Energy and Capacity RFP Rules. A “Bid” for a Capacity Product includes a price, in $/MW-day, for at least one ZRC for a given Season of a Planning Year for which ZRCs are procured. A Bid also includes the number of ZRCs to which the price applies and the Source Zone of the ZRCs. The Bidder may not submit any additional instructions, contingencies, or conditions on their Bids. Any such additional instructions, contingencies, or conditions will be ignored.
The evaluation procedure is described in Section VI.2 of the Spring 2023 Block Energy and Capacity RFP Rules. The evaluation of Bids for the procurement of a Capacity Product for AIC proceeds independently for each Season of a Planning Year and consists of two steps. In the first step, for a given Season of a Planning Year, all Bids that fail to meet the benchmark are eliminated. In accordance with the Act, the benchmarks are established by the Procurement Administrator, in consultation with the IPA, the Procurement Monitor, and the ICC Staff. The benchmarks are confidential and subject to review and approval by the ICC. In the second step, for a given Season of a Planning Year, the Procurement Administrator evaluates the Bids that meet or beat the benchmark and selects the lowest priced Bids up to the ZRC Target for a Season and Planning Year.
It is the responsibility of each bidder to review the terms and conditions of the RFP Rules posted to the Block Energy and Capacity Procurement section of the procurement website. Each bidder accepts these terms as a condition of its participation in the BEC RFP.