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Indexed REC-57: When is the first MES Compliance Plan submission deadline, is it within thirty (30) calendar days or business days of the Commission Bid Approval Date?

As stated in Section 15.5 of the Indexed REC Contract, unless otherwise specifically provided herein or in a Product Order, “day” means a calendar day and includes Saturdays, Sundays and holidays. The MES Compliance Plan shall be submitted to the IPA within thirty (30) calendar days of the Commission Bid Approval Date (December 15, 2022), … Continue reading When is the first MES Compliance Plan submission deadline, is it within thirty (30) calendar days or business days of the Commission Bid Approval Date?

Indexed REC-56: Are Bids evaluated independently for each Category of Project?

The evaluation of bids proceeds independently for each Category as described in paragraph I.2.11. of the RFP Rules. In the first step, for a given Category, the evaluation of bids eliminates the bids with strike prices that fail to meet or beat the benchmark. Benchmarks are established by the Procurement Administrator, in consultation with the … Continue reading Are Bids evaluated independently for each Category of Project?

Indexed REC-54: How is the Index Price calculated?

The Index Price, as defined in the Indexed REC Contract, means the real-time energy settlement price at the applicable Illinois trading hub, as indicated in the Product Order. Specifically, this means either the hourly Real-Time Locational Marginal Price for the Midcontinent Independent System Operator, Inc’s (“MISO”) Real-Time Energy and Operating Reserve Market for the Illinois … Continue reading How is the Index Price calculated?

Indexed REC-53: Can cash submitted for bid assurance collateral in the Part 2 Proposal be offset against the collateral requirement required under the Indexed REC Contract, so that only the difference is due?

No. Under the Indexed REC RFP, each Company initiates the return of the posted cash, for a Seller that has a Project with an approved Bid, once: (1) you have fully executed the Indexed REC Contract and provided any required Performance Assurance; (2) you have paid the Supplier Fee to the IPA; and (3) the … Continue reading Can cash submitted for bid assurance collateral in the Part 2 Proposal be offset against the collateral requirement required under the Indexed REC Contract, so that only the difference is due?

Indexed REC-50: What is the Final RFP Project Percentage used for in the Standing Order?

The Final RFP Project Percentage in the Bid Form will be used for purposes of the Indexed REC Contract and will be the percentage of the Project’s Actual Production, as offered by Seller through the RFP and as indicated in the Product Order under the Indexed REC Contract. It may not be amended during the … Continue reading What is the Final RFP Project Percentage used for in the Standing Order?