PECO Procurement For Default Supply

FAQs

Rules

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FAQ-31:
Will DS Suppliers be responsible for Transmission Enhancement charges?

PECO is the responsible party for Transmission Enhancement charges (ID #1108). Appendix D to the Uniform SMA provides the PJM Billing Statement line items, including transmission charges, and the responsible party (Buyer or Seller) for each item.

12/16/2024 in Rules
FAQ-25:
On November 23, 2020, Act 114 of 2020 was signed into law. Are Default Suppliers responsible for providing alternative energy credits that are compliant with Act 114?

Yes, Default Suppliers are responsible for providing the alternative energy credits necessary for PECO to meet its obligations under the Alternative Energy Portfolio Standard (“AEPS”) Act during the term of the Uniform SMA.

12/16/2024 in Rules
FAQ-21:
Is there a credit-based tranche cap in the PECO RFP?

No, there is no cap on the number of tranches for which an RFP Bidder can bid on based on the credit assessment for the entity on which that RFP Bidder is relying. There are, however, load caps for the Residential and Small Commercial Classes that are set so that the Default Service customers of these Classes have no more than a 50% exposure to any one Default Supplier at any given time. There is a load cap for the Consolidated Large Commercial and Industrial Class that is set so that the Default Service customers of that Class have no more than a 75% exposure to any one Default Supplier at any given time.

12/16/2024 in Rules
FAQ-20:
Is there a cap on the number of tranches that an RFP Bidder can potentially bid?

Yes, an RFP Bidder may have a Load Cap. The Independent Evaluator prepares a Bid Form for each RFP Bidder qualified pursuant to a successful Part 1 Proposal. If the RFP Bidder cannot bid on all tranches available of a product because of the Load Cap for the Class to which such product belongs and because of tranches previously won by the RFP Bidder, the Bid Form reflects that fact. Generally speaking, each Class has “Load Caps”, which are limits on the number of tranches of Default Supply that an RFP Bidder can bid and serve for that Class. The Load Caps ensure that there will be a diversified pool of Default Suppliers for each Class. The Load Caps for the Residential and Small Commercial Classes are set so that the Default Service customers of that Class have no more than a 50% exposure to any one Default Supplier at any given time. The Load Cap for the Consolidated Large Commercial and Industrial Class is set so that the Default Service customers of that Class have no more than a 75% exposure to any one Default Supplier at any given time. If two or more Default Suppliers are affiliated, the Load Caps will apply jointly to such group of Default Suppliers.

12/16/2024 in Rules
FAQ-19:
Are the names of winning RFP Bidders publicly available?

No, the names of winning RFP Bidders are not publicly available.

12/16/2024 in Rules
FAQ-18:
When are the solicitation results announced?

Within fifteen (15) days of the close of the solicitation, the Independent Evaluator releases the weighted average price as well as the percentage of load represented by each tranche for each product procured in that solicitation. When the results become available, the Independent Evaluator will make an announcement, and you will be able to access the results here: Background/Previous Results.

12/16/2024 in Rules
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

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