REC-15: What is the threshold contract value at which winning REC Bidders are not required to post Performance Assurance?

Collateral is only required to be posted by REC Bidders who are awarded $500,000 of RECs or more. The required amount of Performance Assurance is equal to 10% of any contract valued at or above $500,000.

With regard to your example, no collateral would be required by a Bidder who is awarded $20,000 of RECs, as a contract valued at $20,000 is below the $500,000 minimum to necessitate Performance Assurance.

Please refer to the “Performance Assurance” Section on Page 7 of the Final Ameren Master Rec Agreement PDF posted to the “Renewable Energy Section” of the procurement web site for the language regarding these requirements.