For clarity, a block represents 25 MWs in each hour of a Product. A “Product” is a constant quantity of energy to be supplied to a Company at the delivery point specified by that Company in either the On-Peak Segment or the Off-Peak Segment of a specific month. All on-peak hours in a given month constitute the “On-Peak Segment” for that month. All off-peak hours constitute the “Off-Peak Segment” for that month. Thus, the amount supplied (25 MWs) in each hour does not vary based on the Product.
The supplier fees are levied on a “per on-peak block” and “per off-peak block” basis and do not depend on the number of days or hours in the month. Assume the following:
- the Supplier Fee, which is announced no later than 6 PM on the Part 2 Date, Wednesday, August 28, 2019, is $127 per on-peak block;
- Bidder A has a single winning Bid approved by the Commission for a block of the On-Peak Dec 2019 ComEd Product; and
- Bidder B has a single winning Bid approved by the Commission for a block of the On-Peak Feb 2020 ComEd Product.
In this case, both Bidder A and Bidder B will be required to pay a onetime Supplier Fee in the amount of $127 to the Illinois Power Agency by the seventh business day after the ICC Decision, which is expected on Friday, September 13, 2019.
A “Combination” is a grouping of two or more Products in a given Segment (and for a given Company). In the case of winning Bids approved by the Commission for a Combination, the Bidder will be required to pay the Supplier Fee amount times the number of blocks times the number of Products in the Combination. For example, if the Supplier Fee is $127 per on-peak block, and if Bidder A has a winning Bid for one block of the On-Peak Oct-Nov-Dec 2019 ComEd Combination, Bidder A will pay $381 ($127 x 3 blocks (1 block On-Peak Oct 2019 ComEd Product + 1 block On-Peak Nov 2019 ComEd Product + 1 block On-Peak Dec 2019 ComEd Product) to the Illinois Power Agency by the seventh business day after the ICC Decision, which is expected on Friday, September 13, 2019.
Revised 8/14/2019 first posted 8/13/2019