The IPA will request the actual fuel mix of supply from the Bidder in each December for the preceding six months of a Planning Year for which energy was supplied to a Company and in each June for the preceding six months of a prior Planning Year for which energy was supplied to a Company. … Continue reading How should we complete the report that the IPA will request on the actual fuel mix supplied if a portion of the energy we supplied is sourced from PJM or MISO?
Archives
BEC-12: Can you provide instructions for submitting bid assurance collateral to the Companies?
Instructions for the submission of bid assurance collateral for each Company will be distributed to Bidders shortly after the Part 1 Date, which is March 27, 2023. The instructions will include both information on how to submit cash as bid assurance collateral to the Companies as well as how to transmit the Pre-Bid Letter of … Continue reading Can you provide instructions for submitting bid assurance collateral to the Companies?
BEC-11: Can we propose modifications to the Standard Pre-Bid Letters of Credit during the Spring 2023 Block Energy and Capacity RFP?
The Procurement Administrator will not be soliciting comments on the Standard Pre-Bid Letters of Credit in the Spring 2023 Block Energy and Capacity RFP. A Bidder that is submitting Bids for the Spring 2023 Block Energy procurement event for a Company must, in its Part 2 Proposal, submit financial guarantees by providing either cash or … Continue reading Can we propose modifications to the Standard Pre-Bid Letters of Credit during the Spring 2023 Block Energy and Capacity RFP?
BEC-10: Why are the provisional targets 0 for all of the ComEd Energy Products in the 2023-2024 Delivery Year?
In approving the 2023 Electricity Procurement Plan, the Illinois Commerce Commission accepted a change proposed by ComEd to reduce the hedging target to 50% within the ComEd territory. The acceptance of ComEd’s proposal was conditioned on the ICC’s approval of tariff revisions to ComEd’s Rider Carbon-Free Resource Adjustment “CFRA” (the CMC tariff). The conditions related … Continue reading Why are the provisional targets 0 for all of the ComEd Energy Products in the 2023-2024 Delivery Year?
BEC-9: How should we complete the Fuel Mix Report (Appendix 18) if the energy we supply is expected to be sourced from PJM or MISO?
When completing the Fuel Mix Report (Appendix 18) for a procurement event for Energy Products for a Company (AIC, ComEd, and/or MEC), the Bidder should provide the expected fuel mix underlying the bids to the best of the Bidder’s ability. It is expected that the Bidder would not just provide “PJM fuel mix” or “MISO … Continue reading How should we complete the Fuel Mix Report (Appendix 18) if the energy we supply is expected to be sourced from PJM or MISO?
BEC-8: If we paid the Bid Participation Fee for the Early 2023 Capacity RFP do we need to pay again for the Spring 2023 Block Energy and Capacity RFP?
A Bidder that paid a Bid Participation Fee pursuant to its participation in a prior 2023 procurement event, such as the Early 2023 Capacity RFP, is not required to pay the Bid Participation Fee for the Spring 2023 BEC RFP.
BEC-7: I understand that there could be a payment adjustment on delivered ZRCs under the (AIC) Capacity Agreement if the ZRCs are not from the compliance zone. Is this payment adjustment based on distance from the Compliance Zone (LRZ 4)?
The payment adjustment is based on the difference between the Auction Clearing Price from the MISO Planning Resource Auction (“PRA”) for the Source Zone associated with the ZRCs and the Compliance Zone (LRZ 4). Please see FAQ-Capacity-1 and FAQ-Capacity-2 for examples of the payment adjustment.
BEC-6: With reference to the (AIC) Capacity Agreement, please confirm that there are no payment adjustments for ZRCs that are from the compliance zone, which is LRZ 4.
Yes, this is correct. Only ZRCs from outside the compliance zone are subject to payment adjustments under the term of the (AIC) Capacity Agreement.
BEC-5: I understand that there could be a payment adjustment on delivered ZRCs under the (AIC) Capacity Agreement if the ZRCs are not from the compliance zone. Can you provide an example where the adjustment will add to the payment to Seller?
Under the terms of the (AIC) Capacity Agreement, payments to Seller will only be adjusted to reflect an increased payment if the Source Zone ACP in a season is greater than the Compliance Zone ACP in that season where the Compliance Zone is LRZ4. For purposes of the below example, the “ACP” refers to the … Continue reading I understand that there could be a payment adjustment on delivered ZRCs under the (AIC) Capacity Agreement if the ZRCs are not from the compliance zone. Can you provide an example where the adjustment will add to the payment to Seller?
BEC-4: I understand that there could be a payment adjustment on delivered ZRCs under the (AIC) Capacity Agreement if the ZRCs are not from the compliance zone. Can you provide an example where the adjustment will result in a reduced payment to Seller?
Under the terms of the (AIC) Capacity Agreement, payments to Seller will be reduced if the Compliance Zone ACP in a season is greater than the Source Zone ACP in that season where the Compliance Zone is LRZ4. If the amount of the payment reduction is greater than the unadjusted payment, then Seller (not Buyer) … Continue reading I understand that there could be a payment adjustment on delivered ZRCs under the (AIC) Capacity Agreement if the ZRCs are not from the compliance zone. Can you provide an example where the adjustment will result in a reduced payment to Seller?