The Procurement Administrator does not provide a specific equation to determine the annual quantity of RECs or price per REC for a Bid for a Project.
The annual quantity of RECs in a Bid for a Project should be the annual quantity of RECs that the Seller is offering to deliver to all Companies under the terms of the applicable supplier contracts. The annual quantity of RECs in a Bid is subject to a maximum, which is calculated based on the output of a facility with a 26.5% capacity factor. There is no requirement for this annual quantity to be calculated in a specific way and there is no preference that will be assigned in the evaluation based on how the annual quantity relates to the capacity of the Project.
The price per REC in a Bid for a Project should be the Bidder’s best offer. The price in the REC Contract will be the Bidder’s bid price for the RECs of the Project and will be fixed throughout the term of the REC Contract.