IFP-13: Suppose that the Supplier Fee is $0.07 per REC and that our Annual Quantity for the Project is 200,000. Could you please confirm that, if our Project was selected, the supplier fees owed would be $0.07 x 200,000 RECs x 15 years = $210,000? How are the supplier fees invoiced and when must they be paid?

Your calculation is correct. Please note that $0.07 may or may not be the level of the supplier fee per REC for the 2018 procurement events. Projects with winning Bids receive an invoice and instructions regarding payment directly from the Illinois Power Agency. The Supplier Fee must be paid to the IPA by the Bidder or Seller no later than seven (7) business days after the date at which the Illinois Commerce Commission approves the Bids.