PECO Procurement For Default Supply

FAQs

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FAQ-17:
When completing the Bid Form, if we do not want to submit a Bid for a tranche, do we leave the space provided blank or enter $0?

When completing your Bid Form, Bids should be entered from top to bottom in Section 2 in the “Bids” tab of the Bid Form. Tranches for which no Bid is provided must be left blank. Please note that each price on the Bid Form is for a single tranche. A “Bid” is a price in $/MWh for one tranche of a given product.

12/16/2024 in Rules
FAQ-16:
Is a price on the Bid Form a price for a single tranche? Or does the price associated with the second tranche represent a price offered for two tranches?

Each price on the Bid Form is for a single tranche. A “Bid” is a price in $/MWh for one tranche of a given product.

12/16/2024 in Rules
FAQ-15:
What is the price paid to the Default Supplier for a product in which the Default Supplier wins several tranches?

Paragraph I.4.7 of the RFP Rules states, “A Default Supplier for a product will be paid a supplier-specific price for each MWh of electric load served as specified in the Transaction Confirmation for that product. The supplier-specific price for a Default Supplier for a product will be the average of approved Bids for that Default Supplier and for that product.”

12/16/2024 in Rules
FAQ-14:
Are bidders allowed to make modifications to the Pre-Bid Letter of Credit?

An RFP Bidder must submit a Pre-Bid Letter of Credit in the form of the Standard Pre-Bid Letter of Credit provided as Appendix 9 to these RFP Rules or must incorporate only modifications that have been approved by PECO and provided to RFP Bidders by the Independent Evaluator.

As part of the Part 1 Proposal, an RFP Bidder may request modifications to the Standard Pre-Bid Letter of Credit, posted as Appendix 9 to the RFP Rules, that are non-material in nature, or that are advantageous to both PECO and the RFP Bidder. An RFP Bidder requests modifications to the Standard Pre-Bid Letter of Credit by submitting a Draft Pre-Bid Letter of Credit substantially in the form of the Standard Pre-Bid Letter of Credit indicating clearly any and all modifications to the Standard Pre-Bid Letter of Credit. The Draft Pre-Bid Letter of Credit must be submitted in Microsoft Word with tracked changes by upload to the online Part 1 Form or by email at PECOProcurement@nera.com. A Draft Pre-Bid Letter of Credit that is not substantially in the form of the Standard Pre-Bid Letter of Credit will not be considered or evaluated. The Standard Pre-Bid Letter of Credit and the preliminary list of acceptable modifications to the Pre-Bid Letter of Credit will be posted alongside the other RFP documents in mid-December 2024.

12/06/2024 in Rules
FAQ-13:
When is the deadline to request consideration of an alternate form of guaranty?

The Alternate Guaranty Process allows a prospective supplier unable to use the standard format of the guaranty provided as Appendix G to the PECO Energy Company Pennsylvania Default Service Supplier Master Agreement (“Uniform SMA”) to submit for consideration by PECO Energy Company (“PECO”) an alternate guaranty form that the prospective supplier uses in its normal course of business. A prospective supplier wishing to have PECO evaluate an alternate guaranty form must initiate the process by making a request for such consideration to the Independent Evaluator no later than Tuesday, January 28, 2025. Within three (3) business days of receipt of such a request or of the issuance of the RFP Documents for the upcoming solicitation, whichever is later, the Independent Evaluator will issue a timetable for receipt of the materials from the prospective supplier and for consideration of these materials by PECO. Specific requirements for the Alternate Guaranty Process will be posted as Appendix 2 to the RFP Rules alongside the other RFP documents in mid-December 2024.

12/06/2024 in Rules
FAQ-12:
Is a new Transaction Confirmation executed if the on-peak and off-peak estimated quantities per MW-Measure (MWh) change?

PECO and a winning RFP Bidder will execute a single Transaction Confirmation for each product for which such RFP Bidder has Bids that are approved by the Commission within three business days of the Bid Date. This Transaction Confirmation will include an on-peak and off-peak estimated quantity per MW-Measure (MWh). If the estimated quantities change, no new Transaction Confirmation will be signed.

12/06/2024 in Contract
FAQ-11:
Does PECO’s invoice to the Default Supplier itemize by PJM Billing Line Items?

PECO’s invoice to the Default Supplier does not itemize by PJM Billing Line Items. For itemization by PJM Billing Line Items, the Default Supplier can refer to their PJM invoice.

12/06/2024 in Contract
FAQ-10:
Is a sample invoice available?

A sample invoice is not available.

12/06/2024 in Contract
FAQ-9:
Once the contract is created in PJM InSchedule, will PECO initiate the Billing Line Items Transfer?

Yes. Once both parties confirm a contract in InSchedule, PECO will enter the Billing Line Items. PECO will then notify the Default Supplier to review and confirm. Once the Default Supplier confirms and the contract start date initiates, the Default Supplier will see the charges and credits on their PJM invoice.

12/06/2024 in Contract
FAQ-8:
Does PECO provide Default Suppliers with a daily exposure calculation?

PECO does not provide Default Suppliers with a daily exposure calculation. A Default Supplier will be provided the Total Exposure Amount when a margin call request is made. As detailed in Section 6.5 of the Uniform SMA, “If at any time and from time to time during the term of Transaction(s) under this Agreement, the Total Exposure Amount, rounded by the Rounding Amount, exceeds the DS Supplier’s or the Guarantor’s credit limit by the Minimum Transfer Amount, then the Company on any Business Day, may request that the DS Supplier provide cash or a letter of credit in an acceptable form as defined in Section 6.7(b) of this Agreement (see standard format in Appendix F), in an amount equal to the Margin (less any performance assurance collateral for Margin posted by the DS Supplier and held by the Company pursuant to this Agreement or any other agreement(s) between the Company and the DS Supplier for the provision of DS Supply).”

12/06/2024 in Contract , Credit

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