If a Bidder has Bids that are accepted by the Commission, such Bidder will receive an invoice from the IPA for the Supplier Fees as well as instructions for payment. The Bidder must complete payment of the Supplier Fees due to the IPA by the seventh business day after the ICC decision. For the Fall … Continue reading When is the due date for the Supplier Fees for the block energy procurement events? What will happen if a winning Bidder fails to pay the Supplier Fees by the due date?
The Pre-Bid Letters of Credit for the block energy procurement events under the Fall 2019 Block Energy and Capacity RFP expire as part of the terms on October 3, 2019, 17 business days after the Bid Date. All bid assurance collateral remains in place until the Commission has rendered a decision on the results of … Continue reading When do the Pre-Bid Letters of Credit for the block energy procurements under the Fall 2019 BEC RFP expire?
Please see paragraph V1.2.14, which states “for each Segment of each month, the price paid to the winning Bidder is the average of the Bidder’s own winning Bids for all blocks of that Product and for all blocks of a Combination that includes that Segment of that month.”
The Supplier Fees for the Fall 2019 Block Energy and Capacity RFP are: $ 163 per on-peak block $ 109 per off-peak block $ 20 per ZRC The Supplier Fees are paid only by suppliers whose bids are approved by the Illinois Commerce Commission.
The RFP Documents are posted to the Final Materials page of the dedicated Fall 2019 Block Energy and Capacity page of the procurement website here: https://www.ipa-energyrfp.com/fall-block-energy/final-materials/ There is no fee associated with downloading materials from the procurement website.
The Part 2 Proposal consists of the completed online Part 2 Form, executed Pre-Bid Letter of Credit for Capacity Products, Bid Form, and all other documents necessary to fulfill the Part 2 Proposal requirements. Your Part 2 Proposal will remain deficient until the Pre-Bid Letter of Credit for Capacity Products has been received and deemed … Continue reading Will our Part 2 Proposal be deficient if we submit the online Part 2 Form early in the Part 2 Window, but do not provide our Pre-Bid Letter of Credit for Capacity Products until the deadline?
Bid Assurance Collateral cannot be used towards meeting the Collateral Requirement under the contract. With its Part 2 Proposal, a Bidder must post Bid Assurance Collateral in the form of a Pre-Bid Letter of Credit. The Pre-Bid Letters of Credit for Energy Products are provided as Appendix 10 to the RFP Rules for AIC Energy … Continue reading Can Bid Assurance Collateral be used to meet the Collateral Requirement under the applicable supplier contract?
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 … Continue reading The number of days varies across the Products, so won’t each block will have a different number of MWs? How does this affect the Supplier Fee? How is the Supplier Fee determined for a winning Bid on a Combination?
The Supplier Fees, which are levied only on Bidders that have Bids approved by the Illinois Commerce Commission (“ICC”), are used to cover part of the costs of the procurement events. Payment of the Supplier Fees is due to the Illinois Power Agency by the seventh business day after the ICC Decision, which is expected … Continue reading Could I receive more information on the Supplier Fee? Should a Bidder incorporate the Supplier Fee in its total Bid?
The collateral requirement under each of the (AIC) Confirmation Agreement and the ComEd Energy Master Agreement will be for the credit exposure under the contract, which is based on a Mark-to-Market methodology. For the ComEd Energy Master Agreement, this methodology is described in Schedule 3 (MtM Calculation) to the Collateral Annex. Under the applicable supplier … Continue reading How is the collateral requirement under the (AIC) Confirmation Agreement and the ComEd Energy Master Agreement calculated?