BGS Auction brandmark
Search:
 
Frequently Asked Questions - All, sorted by number

Do you have a question? Click here.

Answers to Frequently Asked Questions are provided in this section. 

The first posting of FAQs is in August. The last posting of FAQs is in the latter part of January, after bidders are registered to participate in the Auctions. From that point, questions and answers are emailed directly to Registered Bidders and are not posted to the BGS Auction website. Questions that are not from Registered Bidders or their advisors are answered strictly on a best efforts basis.

Your use of this page (site) constitutes an acceptance of the Terms as described in the disclaimer.

 

Go to page: 1(newest)  2(oldest)  Next 

FAQ-24

Will the proposed BGS process be amended given the postponement of PJM’s BRA?


The EDCs are aware of the FERC Order issued on July 25, 2019 pertaining to the postponement of the Base Residual Auction planned for August 2019.  The EDCs are continuing to monitor the activity and filings at the FERC and PJM concerning potential changes to the PJM capacity market.  As events unfold and the impact of any subsequent and related FERC or PJM actions on the 2020 BGS Auctions can be assessed, the EDCs will consider and may propose subsequent enhancements to the BGS process to the New Jersey Board of Public Utilities as appropriate.



8/13/2019, in General.
FAQ-23

Can you please confirm that the data within the JCP&L BGS-RSCP Peak Load Allocations file as well as the data within the Switching Statistics for BGS-RSCP Eligible Customers are correct for June 2019?


JCP&L has confirmed that the values in both the “BGS-RSCP Peak Load Allocations” file and the “Switching Statistics for BGS RSCP Eligible < 750 kW Customers” file are correct for June 2019.



8/13/2019, in Data.
FAQ-22

Can you please confirm that myself and my colleague are registered to receive announcements about the BGS Auctions?  Can you please also provide information specific to the upcoming BGS Auction process?


We can confirm that the two email addresses you have provided are now registered to receive information and updates on future BGS events from the Auction Manager.

On July 1, 2019, the four New Jersey EDCs filed a proposal for the procurement of BGS Supply for the period beginning June 1, 2020 (the “July Filing”). The proposal, including the documents proposed to be the Auction Rules and Supplier Master Agreements, can be found on the “bgs proceeding” page of the BGS Auction website. 

Additional information regarding the BGS Auctions will be available on the BGS website when it becomes available.



8/13/2019, in General.
Back to Top
FAQ-21

If we become a winning bidder, can we include the ICRT Table within the Post-Auction Letter of Credit or should we expect to amend the amount as the ICRT declines over the term of the contract?


Winning BGS-RSCP bidders that choose to meet the credit requirements of the BGS-RSCP Supplier Master Agreement using a letter of credit must do so using the standard form of the Post-Auction Letter of Credit or including only modifications acceptable to the EDCs.  The standard form of the Post-Auction Letter of Credit as well as the list of Acceptable Modifications to the Post-Auction Letter of Credit can be found on the contract and credit page of the BGS website.  Please note that the Schedule for the Independent Credit Requirement per Tranche (“ICRT”) is not included in either of these documents so that the Post-Auction Letter of Credit is expected to be amended as the ICRT declines over the term of the contract.



8/13/2019, in Credit.
FAQ-20

Does the Auction Manager provide contact information for the EDCs for purposes of the contract execution process?


After the New Jersey Board of Public Utilities (“BPU”) renders its decision on the results of the BGS Auctions,  winning bidders are contacted directly by the EDCs with which they have won tranches.  No contact information for the EDCs is provided prior to that point.



8/13/2019, in Supplier Master Agreement .
FAQ-19

Will BGS suppliers be responsible for paying for Zero Emission Credits?


On November 19, 2018, the Board issued an Order (Docket E018080899) approving a Zero Emission Certificates (“ZEC”) program including a mechanism for the EDCs to purchase ZECs from selected nuclear power plants.  As required by Senate Bill 2313 (the “Act”), each EDC filed with the Board a tariff to recover from its retail distribution customers a non-bypassable, irrevocable charge in the amount of $0.004 per kWh. Also on November 19, 2018, the Board approved the modified tariff filed by JCP&L and ordered the remaining three EDCs to file revised tariffs to implement the charge (Docket E018080899, Agenda Items: 9C-9). Thus, BGS suppliers bear no cost to acquire the ZECs.



8/13/2019, in General.
FAQ-18

Do the transmission rates announced in FAQ-9 assume that ConEd Wheel, Linden VFT, and Hudson Transmission Partners (“HTP”) have been approved?  Will the EDCs then withhold the portion of the announced transmission rate that reflects these reallocations?


The payments made by PSE&G to BGS Suppliers will reflect these cost reallocations from ConEd Wheel, Linden VFT, and Hudson Transmission Partners (“HTP”) only when a Final FERC Order as defined in the Supplier Master Agreement (“SMA”) is entered in these matters or when PSE&G otherwise receives authorization from the New Jersey Board of Public Utilities (“Board”) to pay BGS Suppliers.

The transmission rate listed for PSE&G in FAQ-9 does include the cost reallocations from ConEd Wheel, Linden VFT, and HTP.   The transmission rate announced for PSE&G corresponds to the rate that BGS Suppliers are currently seeing on their PJM statements and is the basis for the rates paid by BGS customers.  The portion of this announced transmission rate that corresponds to the cost reallocations from ConEd Wheel, Linden VFT, and HTP will be withheld from BGS Suppliers.   The amounts are collected from BGS customers and held by PSE&G for the benefit of BGS Suppliers.

For the other EDCs, these cost reallocations do not affect the announced transmission rate and only affect the Transmission Enhancement Charges (“TECs”). The portion of TECs corresponding to the cost reallocations for ConEd Wheel, Linden VFT, and HTP are collected from BGS customers but are withheld from BGS Suppliers.  BGS Suppliers will be paid when a Final FERC Order as defined in the SMA is entered in these matters or when the Board otherwise authorizes these EDCs to pay BGS Suppliers.



8/13/2019, in Supplier Master Agreement .
Back to Top
FAQ-17

Can you please clarify whether the NSPL values provided in FAQ-16 are already scaled by their corresponding NSPL Daily Zonal Scaling Factors?


The NSPL values provided for both ACE and PSE&G in FAQ-16 are already scaled. 

The NSPL values provided for RECO have not been scaled. 

The values provided for JCP&L have not been scaled except for Total TPS, which is already scaled.



8/13/2019, in Application.
FAQ-16

Please provide the 2019-2020 Peak Load Contribution ("PLC") and 2019 Network Service Peak Load ("NSPL") data for each of the four EDCs.


The EDCs have provided Network Service Peak Load (“NSPL”) data for a day in January.

PSE&G BGS NSPL MW (01/10/2019):

Total TPS: 3,643.4

Total BGS: 6,284.5

TPS CIEP: 1,587.1

BGS CIEP: 356.1

TPS RSCP: 2,056.3

BGS RSCP: 5,928.4

JCP&L BGS NSPL MW (01/01/2019):

Total TPS: 5,837.1

Total BGS: 3,496.6

TPS CIEP Eligible: 879.6

BGS-CIEP: 115.8

TPS RSCP Eligible: 4,957.5

BGS-RSCP: 3,380.8

ACE BGS NSPL MW (01/10/2019):

Total TPS: 835.7

Total Eligible: 2,452.2

CIEP Eligible: 322.7

BGS-CIEP: 65.4

RSCP Eligible: 2,129.5

BGS-RSCP: 1,551.1

RECO BGS NSPL MW (1/14/2019):

Total TPS: 128.7

Total BGS: 330.8

CIEP Eligible: 56.5

BGS-CIEP: 8.7

RSCP Eligible: 403.1

BGS-RSCP: 322.1



8/13/2019, in Data.
FAQ-15

Can you please provide an example of the calculation of the solar and Class I obligations under the Clean Energy Act for Energy Years 2020, 2021, and 2022?


An example of the calculation of the solar and Class I obligation has been posted to the Renewable Energy Portfolio Standards matrix on the Additional Data page of the “data room” tab of the BGS Auction website.



8/13/2019, in General.
FAQ-14

Are there contracts other than BGS contracts executed prior to the Clean Energy Act becoming effective that are exempt from the increased solar obligations?


Only BGS contracts executed prior to the Clean Energy Act becoming effective are exempt from the increased solar obligation.



8/13/2019, in General.
Back to Top
FAQ-13

Would exempt RPS obligations be socialized statewide across all four EDCs and across both RSCP and CIEP or would they be socialized more narrowly to a particular EDC’s RSCP customer groups? In other words, would a PSE&G BGS-RSCP tranche only be required to provide its share of exempt obligations from PSE&G BGS-RSCP exempt contracts?


Non-exempt BGS contracts (RSCP and CIEP) are responsible for making up the deferred solar obligations from the exempt BGS contracts on a pro-rata basis statewide.  As stated in the Order issued by the Board on December 18, 2018 and revised on December 28, 2018, determining the deferred solar obligation for a particular non-exempt contract involves determining its market share of the non-exempt electricity supplied statewide during the applicable energy year.



8/13/2019, in General.
FAQ-12

Are RMR and TEC charges included in a BGS Supplier’s charges for PSE&G?


The RMR and TEC charges for PSE&G are included in the BGS Supplier’s charges.



8/13/2019, in Supplier Master Agreement .
FAQ-11

What were the tranche fees for the 2019 BGS Auctions?


The tranche fees for the 2019 BGS Auctions were the following:

BGS-RSCP: $25,700/tranche

BGS-CIEP:  $21,400/tranche



8/13/2019, in General.
FAQ-10

There are no questions posted to the FAQ archives on the BGS Auction website. Where can I find FAQs from previous auctions?


The documents and FAQs of the BGS Auction website are refreshed every year to include only content relevant for the upcoming BGS Auctions. The FAQ Archive page is for FAQs posted since the refresh of the BGS Auction website but that are no longer relevant at the present time. FAQs from prior BGS Auctions are no longer available.



8/13/2019, in General.
Back to Top
FAQ-9

Could you please provide the firm transmission service rate announced before each of the last three Auctions? Are filings and orders for changes in the transmission rate available on the BGS Auction website?


The base rates for firm transmission service are announced before each Auction. The rates announced before the past three Auctions are provided below.

Rate for Firm Transmission Service ($/MW-day):

  2019 2018 2017
PSE&G 286.87 277.25 249.93
JCP&L 66.02 68.69 41.40
ACE 147.33 139.62 100.85
RECO 116.57 122.74 87.98

Filings and Orders regarding changes in the transmission rate under Section 15.9 of the Supplier Master Agreement can be found on the "transmission docs" page.



8/13/2019, in SMA Section 15.9.
FAQ-8

Where can I find the results from previous BGS Auctions?


Results for previous BGS-RSCP and BGS-CIEP Auctions, with all publicly available data including the list of winning suppliers, number of tranches won, and final prices, have been posted to the “past results” page of the “auction” tab of BGS Auction website.



8/13/2019, in General.
FAQ-7

Is the hourly load data reported in Eastern Standard Time or Eastern Prevailing Time?


The data in the BGS Data Room is reported in Eastern Prevailing Time (“EPT”).



8/13/2019, in Data.
FAQ-6

Does the BGS-CIEP closing price determine the payment to BGS-CIEP Suppliers as well as the rates for BGS-CIEP customers?


A BGS-CIEP Supplier provides full-requirements service for the percentage of the EDC’s BGS-CIEP Load corresponding to the number of tranches won.  A BGS-CIEP Supplier receives the price determined at the Auction applied to the supplier’s share of the BGS-CIEP capacity obligation.  A BGS-CIEP Supplier also receives the following payments: (i) an EDC-specific network transmission rate applied to the supplier’s share of the BGS-CIEP transmission obligation; (ii) a fixed ancillary service payment rate applied to the supplier’s share of BGS-CIEP Load (energy); (iii) the “Hourly Real-Time Spot Price”, which refers to the PJM load-weighted average Residual Metered Load aggregate Real-Time Locational Marginal Price for the zone, applied to the supplier’s share of BGS-CIEP Load (energy); and (iv) the CIEP Standby Fee.

With respect to the rates paid by BGS-CIEP customers, the transmission rate is based on either a demand charge or transmission obligation charge, depending on the EDC.  The energy rate is the Hourly Real-Time Spot Price, which will be adjusted each hour by the relevant EDC loss expansion factor.  The ancillary service rate will be a pre-determined value based on the ancillary service payment rate to suppliers adjusted for losses.  The price for an EDC is the final Auction price for that EDC and will be assessed as a specific capacity obligation charge, demand charge, or energy charge.



8/13/2019, in Rates.
Back to Top
FAQ-5

Are BGS Suppliers paired with individual customers or with customers within an EDC’s subzone?


Each tranche represents a set percentage of BGS (BGS-RSCP or BGS-CIEP) Load for the EDC.  The tranches are neither specific to a set of customers or to a subzone.  BGS Suppliers are not paired with individual customers.



8/13/2019, in General.

Go to page: 1(newest)  2(oldest)  Next 

Back to Top

What's New

ANNOUNCEMENT: EDCs' Filing is Available on the BGS Auction Website...   GO >>

Board Approves Results of 2019 BGS Auctions...   GO >>