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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.

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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.
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.
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FAQ-4

What is BGS?


“BGS” refers to Basic Generation Service, which is the service that each Electric Distribution Company (i.e., Public Service Electric and Gas Company (“PSE&G”), Jersey Central Power & Light Company (“JCP&L”), Atlantic City Electric Company (“ACE”), and Rockland Electric Company (“RECO”)) provides to its customers.  Each year since 2002, these four New Jersey Electric Distribution Companies have procured electric supply to serve their BGS customers through a statewide auction process held in February.



8/13/2019, in General.
FAQ-3

What is the primary function of the BGS Auction website?


While the BGS Auction website contains some general information of interest to all stakeholders, most of the more detailed information on the BGS Auction website is directed to suppliers that bid to provide supply to BGS customers. The BGS Auction website maintains results from previous auctions (on the “past results” page of the “auction” tab) and provides historical load data in the BGS Data Room. The BGS Auction website does not maintain other historical data such as past auction documents or historical rates. Stakeholders may wish to consult other sources for information of that type, such as their Electric Distribution Company’s (“EDC’s”) website.



8/13/2019, in General.
FAQ-2

How does the New Jersey Board of Public Utilities (“Board”) grant authority for BGS suppliers to sell full requirements supply to the EDCs?


The Board issues an Order at the conclusion of the Auction Process. The Orders are found on the “bgs orders” page of the “auction” tab. If the Board approves the auction results, the Board certifies the final results of the Auctions, approves the closing prices, and orders the EDCs to execute the BGS Supplier Master Agreements by which the BGS Suppliers sell full requirements supply to the EDCs.



8/13/2019, in General.
FAQ-1

When are the 2020 BGS Auctions expected to take place?


In response to a request by the New Jersey Board of Public Utilities, the EDCs filed a proposal to procure supply to meet BGS load on July 1, 2019 (the “July Filing”). This proposal included a tentative auction timeline. The proposed start date for the BGS-CIEP Auction and the BGS-RSCP Auction is February 3, 2020.



8/13/2019, in General.
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What's New

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

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