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BEC-31: How does a supplier schedule and deliver the Product to the applicable delivery point?

The following is a summary only and this answer is qualified in its entirety by the applicable supplier contract, namely the (ComEd) Master Agreement, the (AIC) Confirmation Agreement, and the (MEC) Confirmation Agreement. The Seller is responsible for arranging with PJM and/or MISO the required quantity to be made available at the delivery point for … Continue reading How does a supplier schedule and deliver the Product to the applicable delivery point?

BEC-30: Which Products will be available for bid in the Fall 2024 AIC Capacity procurement event?

The IPA’s 2024 Electricity Procurement Plan (“2024 Plan”) provides for a Fall 2024 procurement of seasonal ZRC capacity products for AIC to satisfy a portion of its forecast requirements for the 2025-2026 and the 2026-2027 Delivery Years. Under the Fall 2024 procurement, the IPA will procure up to 75% of its forecasted capacity requirements for … Continue reading Which Products will be available for bid in the Fall 2024 AIC Capacity procurement event?

BEC-28: What are the instructions for submitting the Pre-Bid Letter of Credit in order to bid on AIC Capacity Products?

A Bidder must provide financial guarantees by providing either cash or an executed Pre-Bid Letter of Credit for AIC Capacity Products, drawn for the account of the Bidder. The Pre-Bid Letter of Credit must be in the form of the Standard Pre-Bid Letter of Credit for AIC Capacity Products or incorporate only modifications approved by … Continue reading What are the instructions for submitting the Pre-Bid Letter of Credit in order to bid on AIC Capacity Products?

BEC-27: Can we include a preference for Combination products over individual month products in the bid form? How does bid evaluation work?

There is no ability for a bidder to specify a preference for Combination Products over individual month Products in the bid form. The process for the submission of Bids is described in Section V.9 of the Spring 2024 Block Energy and Capacity RFP Rules. A “Bid” for Energy Products and Combinations is the price that … Continue reading Can we include a preference for Combination products over individual month products in the bid form? How does bid evaluation work?

BEC-24: Where can I find the expected fuel mix release from the 2023 RFPs for Block Energy Products for AIC, ComEd, and MEC?

In accordance with the Act and ICC Orders, the following information is made public at the time of ICC approval of a procurement event for Energy Products for a Company: (i) the names of successful Bidders; (ii) the load-weighted average of the winning Bids for each Segment of each month; (iii) the load-weighted average of … Continue reading Where can I find the expected fuel mix release from the 2023 RFPs for Block Energy Products for AIC, ComEd, and MEC?

BEC-23: How were the Final Block Energy Targets determined for the Spring 2024 Block Energy Procurement events?

The Final Block Energy Targets for the Spring 2024 Block Energy procurement events are based on the updated March 15, 2024 base case load forecasts developed by AIC, ComEd, and MEC, in accordance with the cumulative hedging levels stated in Section 7.1.1 of the 2024 Electricity Procurement Plan, and as ultimately approved by the ICC. … Continue reading How were the Final Block Energy Targets determined for the Spring 2024 Block Energy Procurement events?

BEC-22: How do the utilities meet their load and capacity requirements?

Each year the IPA submits its Electricity Procurement Plan (“Plan”) to the Illinois Commerce Commission (“ICC”) in compliance with Public Act 95-0481 (the “Act”), which includes the Illinois Power Agency Act (“IPA Act”). On September 25, 2023, the IPA filed its 2024 Electricity Procurement Plan (“2024 Plan”) to the ICC. The ICC issued a Final … Continue reading How do the utilities meet their load and capacity requirements?