If your Proposal changes in type (from forecast quantities to identified systems) between Part 1 and Part 2, or between Part 2 and the Bid Date, how is this handled? Can the amount of bid assurance collateral be reduced?

A Bidder may not “identify” systems after the Part 1 Date. Such systems initially included as forecast quantities of RECs will carry the heightened collateral requirements consistent with forecast quantities of RECs. These systems may next be “identified” by the Bidder after the execution of the SPV Contract (should such systems be part of a winning Bid). Similarly, a Bidder may not include additional identified systems or increase its forecast quantity in its Proposal after the Part 1 Date.

This FAQ has been updated since it was originally posted on 05-21-2015.

Announcements

SPV-65: If your Proposal changes in type (from forecast quantities to identified systems) between Part 1 and Part 2, or between Part 2 and the Bid Date, how is this handled? Can the amount of bid assurance collateral be reduced?