BEC-35: How often are capacity procurement events held, and for what Delivery Years will capacity be procured?

Each year the IPA submits its Electricity Procurement Plan (“Plan”) to the Illinois Commerce Commission (“ICC”) in compliance with Public Act 95-0481 (the “Act”), which includes the Illinois Power Agency Act (“IPA Act”). Starting with the 2018 Procurement Plan, the IPA has conducted two capacity procurements to cover a portion of Ameren’s capacity requirements, one in the spring and one in the fall.

On September 25, 2023, the IPA filed its 2024 Electricity Procurement Plan (“2024 Plan”) to the ICC. The 2024 Plan proposes to procure AIC capacity requirements for the 2025-2026 and 2026-2027 Delivery Years through two procurement events, the Spring 2024 procurement event and the Fall 2024 procurement event. Procurement of capacity requirements for future Delivery Years will be determined in future Procurement Plans. The ICC is required to enter its Order confirming or modifying the 2024 Plan on or before December 26, 2023.

For more information, please review the 2024 Plan posted to the Plans Under Development page of the IPA’s website: