The 2010 BGS-CIEP Auction and the 2010 BGS-FP Auction are scheduled to begin in early 2010. The New Jersey Board of Public Utilities (Board) is expected to make a decision on the results within 2 days of the end of the BGS-FP Auction or the BGS-CIEP Auction, whichever comes later. At that time, the Board may also release results of the auctions through its website as it has in years past.

Each year since 2002, the four New Jersey Electric Distribution Companies (EDCs) - Public Service Gas & Electric Company (PSE&G), Atlantic City Electric Company (ACE), Jersey Central Power & Light Company (JCP&L), and Rockland Electric Company (RECO) - have procured several billion dollars of electric supply to serve their Basic Generation Service (BGS) customers through a statewide auction process held in February. BGS refers to the service of customers who are not served by a third party supplier or competitive retailer. This service is sometimes known as Standard Offer Service, Default Service, or Provider of Last Resort Service. The Auction Process has consisted of two auctions that are held concurrently, one for larger customers on an hourly price plan (BGS-CIEP) and one for smaller commercial and residential customers on a fixed-price plan (BGS-FP).

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Do you have a question about how final auction prices are converted into retail rates?

• Click here to consult each EDC's Company Specific Addendum for details of the rate design methodology;
• Click here to be taken to the BGS Additional Data page, where the BGS-FP Pricing Spreadsheet, an excel tool that converts auction prices into rates, is available. Please note that this spreadsheet will be updated in August 2009.

Do you have a question about New Jersey's Renewable Portfolio Standards?

• Click here for more information about the EDCs' undertaking concerning renewable portfolio standards.

Do you have a question about PJM's Auction Revenue Rights?

• Click here for links to more information about PJM's Annual Auction Revenue Rights Allocation.

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