Can you please clarify whether the price paid for RECs from a Project under the REC Contract is a clearing price or whether it is the price included as part of the Bid for that project? What information is released upon approval of the results of the procurement event by the Commission?

A “Bid” includes a price per REC for a given Project as well as an annual quantity of RECs to be delivered from that Project under the REC Contract. If a Project is selected through the RFP and is approved by the Commission, the Seller under the REC Contract is paid the price submitted as part of the Bid for that Project.

At the time of ICC approval of a procurement event, the names of winning Sellers and the average of the winning bid prices are made public. The quantity of RECs procured may also be disclosed in specific circumstances.

Announcements

WND-30: Can you please clarify whether the price paid for RECs from a Project under the REC Contract is a clearing price or whether it is the price included as part of the Bid for that project? What information is released upon approval of the results of the procurement event by the Commission?