For the Sub-25 Category the quantity of RECs associated with a given Bid (i.e., associated with a given price) must be no fewer than 500 RECs.

For the 25-Plus Category: (i) a Bidder must present Bids for a number of identified systems to account for at least 500 RECs; and (ii) each identified system must have a single Bid price.

While there was a maximum number of RECs for a Bid in the Sub-25 Category in the first procurement event, there is no maximum expected for additional procurement events under the SPV RFP.

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