Announcements


Archived-BEC-66: Is the Procurement Administrator’s confidential report on the result of the April 18 Procurement Events available? Is there any publicly available information discussing why the April 18 Procurement Events failed to fully meet the expected load requirements of AIC, ComEd, and MEC (each a “Company”)?

The Procurement Administrator’s confidential report on the results of the April 18 Procurement Events is not publicly available.

The April 18 Procurement Events failed to fully meet the expected load requirements of AIC, ComEd, and MEC. In accordance with Section 16-111.5 of the Act, the Procurement Administrator, the Procurement Monitor, and ICC Staff met within ten (10) days to analyze potential causes of low supplier interest. At this meeting, these parties agreed that additional procurement events would be held at the earliest opportunity to procure block energy for the period June through September 2022 for all three (3) Companies. These additional procurement events are called the “Supplemental Procurement Events”.

As stated in Paragraph I.2.11 of the Spring 2022 Block Energy and Capacity RFP Rules, “The evaluation of Bids for a Company in its procurement event for Energy Products proceeds in two steps. In the first step, all Bids that fail to meet the benchmarks are eliminated. In accordance with the Act, benchmarks are established by the Procurement Administrator, in consultation with the IPA, the Procurement Monitor, and the ICC Staff. The benchmarks are confidential and are subject to review and approval by the ICC. In the second step, the Procurement Administrator evaluates the Bids that meet or beat the benchmarks and selects a package of Bids that procures all needed blocks for that Company if possible at the lowest average cost per MWh. This package of Bids is called the Least Cost Package for a Company and each Bid in the Least Cost Package is a winning Bid.”

Information concerning the results of April 18 Procurement Events is posted to the Results page of the Block Energy and Capacity section of the procurement website.