PECO Procurement For Default Supply

FAQs

All FAQs

< Previous | Showing 41 to 50 of 60 | Next > | View All on One Page

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
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

< Previous | Showing 41 to 50 of 60| Next > | View All on One Page