Announcements


BEC-15: How does AIC meet their capacity requirement?

Please see the Final 2023 Electricity Procurement Plan available on the Illinois Power Agency website here: https://ipa.illinois.gov/content/dam/soi/en/web/ipa/documents/2023-final-electricity-procurement-plan-27-feb-2023.pdf. In particular section 7.2.1.2 provides the details of the capacity procurement strategy for Ameren Illinois. A summary table with the cumulative up-to percentage of capacity targeted to be procured is provided in Table 1-3: Summary of Capacity Procurement for Ameren Illinois.

For the 2024-2025 and 2025-2026 Delivery Years, the IPA will procure capacity requirements through its two 2023 capacity procurement events, resulting in hedging at the following levels:

  • At the conclusion of the Spring 2023 procurement event, the target cumulative capacity hedges in Ameren Illinois portfolio of Zonal Resource Credits (“ZRCs”) should be as follows:
    • For the 2024-2025 Delivery Year, the target cumulative hedges should be no more than 50% of the capacity requirements.
    • For the 2025-2026 Delivery Year, the target cumulative hedges should be no more than 12.5% of the capacity requirements.
  • At the conclusion of the Fall 2023 procurement event, the target cumulative capacity hedges in Ameren Illinois portfolio of Zonal Resource Credits (“ZRCs”) should be as follows:
    • For the 2024-2025 Delivery Year, the target cumulative hedges should be no more than 75% of the capacity requirements.
    • For the 2025-2026 Delivery Year, the target cumulative hedges should be no more than 25% of the capacity requirements.

The remaining balance of the 2024-2025 Delivery Year capacity requirements will be procured through the MISO PRA scheduled for April of 2024. The remaining balance of the 2025-2026 Delivery Year capacity requirements will be procured in the MISO PRA and/or additional procurement events to be determined in the 2024 Procurement Plan.