Announcements


BSP-25: Can you explain how the RECs will be allocated when multiple Projects are bidding at the same price?

All projects submitted are listed in price order below:

Project Price Full Quantity Partial Award Quantity Quantity Awarded
Clean Solar I 38.00 40,000 40,000 40,000
Brownfield II 38.50 12,700 10,000 12,700
Second Solar BF 39.00 25,000 20,000 25,000
Brownfield I 40.00 4,000 2,000
First Solar BF 40.00 3,000 1,150 2,300
Clean Solar II 40.00 2,500 1,150

Projects Clean Solar I, Brownfield II, Second Solar BF are selected each for its full quantity.  The number of RECs assigned to these Projects is 77,700.

There are 2,300 RECs still needed to fill the Target of 80,000 RECs.  Projects Brownfield I, First Solar BF, Clean Solar II have the same bid price, $40.00/REC. Each project has a partial award quantity smaller than the remaining Target of 2,300 and a full quantity greater than the remaining Target.

There are several allocations available to fill the Target:

  • Allocation 1: Select Project Brownfield I for a partial award quantity of 2,300
  • Allocation 2: Select Project First Solar BF for a partial award quantity of 2,300
  • Allocation 3: Select Project Clean Solar II for a partial award quantity of 2,300
  • Allocation 4: Select Project First Solar BF for a partial award quantity of 1,150 and Project Clean Solar II for a partial award quantity of 1,150

The first three allocations assign a partial award quantity of 2,300 to only one project (rather than two projects as in Allocation 4) and thus are preferred for this reason.  Allocations 1 through 3 all succeed in filling the Target.  One of these three allocation is randomly selected.  Project First Solar BF is selected for a partial award quantity of 2,300.