FAQs
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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
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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
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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
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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
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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
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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
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