FAQs
Rules
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FAQ-35:
What materials do I need to submit with my Part 2 Proposal if the officer who made the representations and certifications of the online Part 1 Form is unavailable to make the representations of the online Part 2 Form?
If the Officer of the RFP Bidder who made the representations and certifications of the online Part 1 Form is unavailable to make the representations of the online Part 2 Form, the RFP Bidder must re-submit the certifications of the Part 1 Form naming a new individual to serve as Officer of the RFP Bidder by the Part 2 Date, and that Officer of the RFP Bidder must make all representations and certifications required by the online Part 1 Form and the online Part 2 Form. To confirm the list of required inserts, please contact the Independent Evaluator at pecoprocurement@nera.com.
12/21/2023 in Rules
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FAQ-32:
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.”
12/21/2023 in Rules
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FAQ-27:
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.
12/21/2023 in Rules
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FAQ-23:
Are the names of winning RFP Bidders publicly available?
No, the names of winning RFP Bidders are not publicly available.
12/21/2023 in Rules
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FAQ-22:
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.
12/21/2023 in Rules
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FAQ-19:
Who can sign the certifications required for the Part 1 Proposal?
Please see Paragraph III.1.13 of the RFP Rules. For a given solicitation, all representations and certifications required by the RFP, including those required for the Part 1 Proposal and Part 2 Proposal, must be made by a single individual who serves as Officer of the RFP Bidder. An Officer of the RFP Bidder is an individual authorized to undertake contracts (including the Uniform SMA) and bind the RFP Bidder.
12/21/2023 in Rules
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FAQ-15:
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 a Class that 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.
12/21/2023 in Rules
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FAQ-13:
In the Uniform SMA Insert (#P1-4), an RFP Bidder is given the option to add subsection 5.4(a)(1). What calculation is used to calculate quantities if the RFP Bidder chooses to not add this subsection?
If you opt for the notional quantity provision, under an event of default, future quantities are determined by looking at quantities from the previous calendar year and making any adjustments for DS Load changes (i.e., for current switching levels). In that manner, historical data is used and the quantities largely are pre-specified. The alternative is expected to use a forecast that would be made at the time of default; under such an option the quantities could not be pre-specified.
12/21/2023 in Rules
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FAQ-12:
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.
12/21/2023 in Rules
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FAQ-11:
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 a Class are set so that the Default Service customers of that Class have no more than a 50% exposure to anyone 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.
12/21/2023 in Rules
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