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Frequently Asked Questions - All, sorted by number

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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.

 

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FAQ-34

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.



8/11/2020, in General.
FAQ-33

The ACE BGS-RSCP Hourly Load and ACE BGS-RSCP Eligible Hourly Load files of the January 2020 update appear to be incomplete.  Can you please check?


Thank you for bringing this to our attention.  Updated BGS-RSCP and BGS-RSCP Eligible Hourly Load files were posted to the Monthly Data page of the BGS Data Room.



8/11/2020, in Data.
FAQ-32

How is BGS Load calculated?  Is there BGS Load data posted to the BGS Auction website?


Total BGS Load is zonal load (all customers) less (i) wholesale load; and (ii) load served by Third Party Suppliers. 

BGS Hourly Load data for each EDC, as well as a document describing the posted data, is made available on the monthly data page of the BGS Data Room.



8/11/2020, in General.
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FAQ-31

Could you please provide the firm transmission service rate announced before each of the last three Auctions?


The transmission rates announced before the past three Auctions are provided below.

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

  2020 2019 2018
PSE&G 378.41 286.87 277.25
JCP&L 70.52 66.02 68.69
ACE 153.89 147.33 139.62
RECO 116.57 116.57 122.74

 



8/11/2020, in General.
FAQ-30

When does new data get posted to the BGS Data Room?  Is this the most up-to-date data or can preliminary data also be made available?


The BGS Data Room is updated by the 17th of each month.  The data provided in the BGS Data Room represents the most up-to-date data available that the EDCs are prepared to provide.



8/11/2020, in Data.
FAQ-29

It seems that the PSE&G NSPL data provided for a day in January 2020 does not match the total retail transmission PLA provided in the Monthly Data Page of the BGS Data Room.  Can you confirm that the total retail transmission PLA data is correct?


Thank you for bringing this to our attention.  The Auction Manager has posted new files to the Monthly Data Page of the BGS Auction website:

PSE&G_Total_Retail_PLA_July_2020_Update
PSE&G_RSCP-Eligible_PLA_July_2020_Update
PSE&G_BGS_PLA_July_2020_Update
PSE&G_BGS-RSCP_PLA_July_2020_Update



8/11/2020, in Data.
FAQ-28

Where can I find which specific PJM TEC Upgrades associated with ConEd/HTP/Linden VFT are subject to dispute?  When will payments made to BGS Suppliers reflect these costs?


The cost allocations in dispute regarding specific PJM TEC Upgrades associated with ConEd/HTP/Linden VFTcan be found in the PJM compliance filings submitted in response to the respective FERC Orders associated with those disputes.

The payments made by PSE&G to BGS Suppliers will reflect cost reallocations from ConEd Wheel, Linden VFT, and Hudson Transmission Partners (“HTP”) upon approval by the FERC, in a Final FERC Order and not subject to refund,  or when PSE&G otherwise receives authorization from the New Jersey Board of Public Utilities (“Board”) to pay BGS Suppliers.

The transmission rate announced for PSE&G prior to the 2020 BGS Auctions does include the cost reallocations from ConEd Wheel, Linden VFT, and HTP.  As stated above, the portion of this announced transmission rate that corresponds to the cost reallocations from ConEd Wheel, Linden VFT, and HTP is currently being withheld from BGS Suppliers per applicable Board Orders.  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 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 currently being withheld from BGS Suppliers.  BGS Suppliers will be paid upon approval by the FERC, in a Final FERC Order and not subject to refund, or when the Board otherwise authorizes these EDCs to pay BGS suppliers.



8/11/2020, in General.
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FAQ-27

Could you please provide an estimate of the amount held in escrow for the benefit of BGS Suppliers related to the transmission cost reallocations from the ConEd Wheel, Linden VFT, and Hudson Transmission Partners (“HTP”)? 


The table below provides the amounts held by each EDC as of May 31, 2020 pertaining to: (i) the reallocation of costs due to the termination of a long-term firm point-to-point transmission service agreement between PJM Interconnection, LLC (“PJM”) and Consolidated Edison Company of New York, Inc. (“ConEd Wheel”); (ii) the reallocation of costs due to the conversion of Firm Transmission Withdrawal Rights (“FTWRs”) to Non-Firm FTWRs for both Hudson Transmission Partners (“HTP”) and Linden Variable Frequent Transformer Project (“Linden VFT”); and (iii) costs attributed to the implementation of the Yorktown Reliability Must Run (“RMR”) charge. JCP&L also includes amounts pertaining to the implementation of its formula rate.

EDC Amounts Held 2017 to May 31, 2020
PSE&G $120,245,541
JCP&L $1,371,162
ACE $454,379
RECO $3,896,704
TOTAL $125,967,786

 



8/11/2020, in General.
FAQ-26

Could you please provide at least one year of historical data associated with the St. Lawrence project so that we can adjust the JCP&L Peak Load Allocations and other monthly data series?


The hourly load and peak load allocation values in the historical monthly data in the BGS Data Room for JCP&L are gross of the 10 MW allocation of the St Lawrence project received by JCP&L historically; the 10 MW associated with the St. Lawrence project has not been deducted from these monthly data series.  That is, the 10 MW from the St Lawrence project is already included in all historical monthly data series.



8/11/2020, in Data.
FAQ-25

Can you please specify whether the NSPL values provided in FAQ-19 are scaled or unscaled?


The NSPL values provided for both ACE and PSE&G in FAQ-19 are already scaled.

The NSPL values provided for RECO have not been scaled.

The values provided for JCP&L for Total TPS, TPS CIEP Eligible, and TPS FP Eligible are already scaled.  The values provided for JCP&L for Total BGS, BGS-CIEP, and BGS-FP have not been scaled.  The Daily Zonal Scaling Factor for JCP&L is 1.020061.



8/11/2020, in Data.
FAQ-24

Are winning bidders shielded from upcoming changes to Renewable Portfolio Standards (“RPS”) as well as Board Orders or legislation that may come into effect related to the RPS?


The EDCs and the BGS Auction Manager cannot analyze or comment on pending or future legislation.  The BGS Supplier Master Agreements (“SMAs”) are clear that it is the BGS Supplier’s responsibility to comply with RPS requirements as they may evolve from time to time.  There is no exemption under the SMAs from future increases in RPS requirements. 

We note that, in the past, the Legislature, when increasing solar requirements, exempted existing BGS Suppliers from the increase.  Hence, while Legislative precedent incorporates an exemption, there is no guarantee that future legislation, Board Orders, or other changes would continue to provide such an exemption for BGS Suppliers.



8/11/2020, in General, Supplier Master Agreement .
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FAQ-23

What are the RPS obligation percentages by year for winners of BGS-RSCP load? Are winners in the BGS Auctions responsible for additional solar requirements avoided by exempt BGS-RSCP contracts?


Please see N.J.A.C.§ 14:8-2.3 Amount of renewable energy required.  Table A in this reference provides the RPS percentage obligations that apply to non-exempt BGS contracts to be the following:

Energy Year Solar Class I Class II Total
2022 (ending May 31, 2022) 5.10% 21.00% 2.50% 23.50%
2023 5.10% 22.00% 2.50% 24.50%
2024 4.90% 27.00% 2.50% 29.50%

A BGS Supplier (both BGS-RSCP and BGS-CIEP) will also be responsible for its share of the solar requirements avoided by exempt BGS-RSCP contracts.



8/11/2020, in General.
FAQ-22

Each Supplement to the BGS-RSCP Supplier Master Agreement (“BGS-RSCP SMA”) will specify the capacity proxy price that bidders can use to formulate their bids.  Will the Supplement also specify the Forecasted Pool Requirement and Obligation Peak Load Scaling Factors for the delivery period?


When the BRA results are known before the BGS auction occurs, it is also the case that the “obligation peak load scaling factors” and the “forecast pool requirement” are also known.  In the 2020 BGS proceeding, IEPNJ noted that these values will not be fully known for the 2022/2023 delivery period because of the delay in the PJM capacity auction.  IEPNJ requested that the New Jersey Board of Public Utilities (“Board”) make an adjustment to the Supplement to take into consideration the possible uncertainty regarding quantities.  The Board noted that BGS is always for a percentage of load and that bidders take on the risk of variable quantities.  As such, the Board stated that this is not an issue that needs to be addressed.



8/11/2020, in Supplier Master Agreement .
FAQ-21

If a BGS-RSCP Supplier is granted an Independent Credit Threshold (“ICT”) that more than fully covers the aggregate ICR amounts under all BGS Agreements with an EDC, is it correct that such a BGS-RSCP Supplier will not be required to post security in the form of cash or a letter of credit upon execution of the BGS-RSCP Agreement with that EDC?


That is correct.  The ICT for a BGS-RSCP Supplier can be used to partially or fully cover the aggregate ICR amounts due under the all BGS Agreements with the EDC. If the ICT more than fully covers the aggregate ICR amounts, the BGS-RSCP Supplier is not required to post security in the form of cash or a letter of credit.  Please note that such a BGS-RSCP Supplier may still be required to post cash or a letter of credit for purposes of Please see Article 6 of the BGS-RSCP Supplier Master Agreement for additional information.



8/11/2020, in Supplier Master Agreement .
FAQ-20

Can you confirm that the data in Table VII-2 of the BGS-RSCP Auction Rules  includes the 10 MW attributable to the St. Lawrence project and the historical data in the Data Room is gross of the St Lawrence 10 MW?


Yes, the Peak Load Share in Table VII-2 of the BGS-RSCP Auction Rules includes the 10 MW attributed the St Lawrence Project.  The data in the Data Room of the BGS Auction website is gross of the 10 MW of the St Lawrence Project.



8/11/2020, in Data.
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FAQ-19

Can the EDCs provide 2020 NSPL data for a day in January for RSCP and CIEP?


Please find below NSPL data for each EDC for a day in January 2020.

PSE&G BGS NSPL MW (01/09/2020)

Total TPS

3,505.8

Total BGS

6,196.7

TPS CIEP

1,381.2

BGS CIEP

339.4

TPS RSCP

2,124.6

BGS RSCP

5,857.3

JCP&L BGS NSPL MW (01/01/2020)

Total TPS

5,903.5

Total BGS

3,622.4

TPS CIEP Eligible

809.3

BGS-CIEP

95.7

TPS RSCP Eligible

5,094.2

BGS-RSCP

3,526.7

ACE BGS NSPL MW (01/10/2020)

Total TPS

854.8

Total Eligible                 

2625.8

CIEP Eligible

321.4

BGS-CIEP

61.5

RSCP Eligible

2304.4

BGS-RSCP

1709.5

RECO BGS NSPL MW (1/09/2020)

Total TPS

116.3

Total BGS

331.9

CIEP Eligible

50.2

BGS-CIEP

5.7

RSCP Eligible

397.9

BGS-RSCP

326.2



8/11/2020, in Data.
FAQ-18

What were the tranche fees for the last three BGS Auctions?


The tranches fees for the last three BGS Auctions are provided below:

2018 BGS Auctions:

BGS-CIEP: $22,500/tranche

BGS-RSCP: $26,900/tranche

2019 BGS Auctions:

BGS-CIEP: $25,700/tranche

BGS-RSCP: $21,400/tranche

2020 BGS Auctions:

BGS-CIEP: $21,100/tranche

BGS-RSCP: $24,200/tranche



8/11/2020, in General.
FAQ-17

Where can I find the percentage requirement for RPS Class I for Energy Year 2023?


The percentage requirement for Class I is 22% for Energy Year 2023.  Please see the regulations, which are published here: 

§ 14:8-2.3 Amount of renewable energy required



8/11/2020, in General.
FAQ-16

Should the compliance percentages from the Renewable Portfolio Standards (“RPS”) be applied to energy at the wholesale or at the retail meter for BGS Suppliers?


The EDCs apply the RPS compliance percentages to energy supplied by the BGS Supplier (and not to sales at the retail meter) and hence apply the RPS compliance percentages at the “wholesale meter”.  The Board approved this methodology in its Order in the 2020 BGS proceeding (Decision and Order in BPU Docket No. ER19040428, dated November 13, 2019, pp. 16-17).



8/11/2020, in General.
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FAQ-15

The RPS example posted to the BGS Data Room uses the RPS compliance percentages obligations that were in effect prior to the Clean Energy Act.  Where can I find these?


You can find the RPS percentage obligations that were in effect prior to the Clean Energy Act in the text of the Clean Energy Act; all deleted and replaced text is in square brackets.  For example, the solar percent obligation for Energy Year 2020 was 3.38% and was increased to 4.90% (see page 5).



8/11/2020, in General.

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