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Frequently Asked Questions - Topics - Rates

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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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SMA Section 15.9 (5)
Association and Confidential Information Rules (49)
Credit (4)
Application (8)
Supplier Master Agreement  (2)
General (15)
Auction Rules (2)
Rates (7)
Data (17)

Rates

FAQ-31

In the case of the Capacity Performance Product, the Board approved a means to compensate BGS suppliers that had agreed to serve BGS load for the unanticipated cost for that product.  PJM has released a white paper (https://www.pjm.com/-/media/library/reports-notices/special-reports/20171115-proposed-enhancements-to-energy-price-formation.ashx?la=en) regarding potential improvements to price formation.  Will the Board take action to compensate BGS suppliers for any increase in cost arising from this proposal?


As LSEs are responsible for all costs assessed by PJM to... Read Answer

8/21/2018.


FAQ-30

Is the settlement under the terms of the BGS Supplier Master Agreements monthly or weekly like the PJM settlement procedures?


Settlement is monthly under the terms of the BGS Supplier... Read Answer

8/15/2018.


FAQ-29

What were the tranche fees for the 2018 auction?


The tranche fees for the 2018 BGS Auctions were as... Read Answer

8/15/2018.


FAQ-28

Does the JCP&L Firm Transmission Rate for 2018 include costs other than NITS? The announced rate for JCP&L is $68.69/MW-day, but the NITS rate posted by PJM is $64.65/MW-day.


The rate also includes Transmission Enhancement Charges... Read Answer

8/15/2018.


FAQ-20

Can you confirm that winning suppliers in the BGS-CIEP Auction will be paid a separate payment for firm transmission service multiplied by the applicable transmission obligation in addition to the BGS-CIEP auction clearing price multiplied by the applicable capacity obligation. Both of these payments are in addition to the payment for ancillary services, CIEP stand-by fees, and real-time LMP for the EDC's zone.


Yes.  That is correct. A BGS-CIEP supplier receives... Read Answer

8/14/2018.


FAQ-14

What is the interest rate that BGS Suppliers are paid for changes transmission costs that EDCs accrue?


For the amounts tracked and retained by the EDCs in the... Read Answer

8/14/2018.


FAQ-6

Does the BGS-CIEP closing price determine the rate at which each EDC charges its BGS-CIEP customers?


A BGS-CIEP Supplier provides full-requirements service for... Read Answer

8/14/2018.


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What's New

DEADLINE: Part 1 Application is Due TOMORROW!...   GO >>

POSTING: Bidder Information Materials...   GO >>

REMINDER: Part 1 Application is Due Tuesday, December 18! ...   GO >>

ANNOUNCEMENT: Compliance Filing Documents Approved as Final Documents ...   GO >>

REMINDER: Part 1 Application is Due Tuesday, December 18!...   GO >>

POSTING: Compliance Filing Documents...   GO >>

ANNOUNCEMENT: Daily FAQ Postings; REMINDER: Part 1 Applications Due by NOON on December 18...   GO >>

ANNOUNCEMENT: Online Part 1 Form Now Open!...   GO >>

ANNOUNCEMENT: Stakeholder Meeting Regarding RPS Obligations for BGS Suppliers...   GO >>

POSTINGS: Bidder Information Webcast Presentation and Board Order on BGS Auction Process...   GO >>

FINAL REMINDER: RSVP Now for the Bidder Information Webcast Today!...   GO >>

REMINDER: RSVP Now for the Upcoming Bidder Information Webcast!...   GO >>

ANNOUNCEMENT: Board Decision on BGS Proposals INVITATION: RSVP for BGS Webcast...   GO >>

INVITATION: RSVP Now for the Upcoming Bidder Information Webcast!...   GO >>

ANNOUNCEMENT: Minimum and Maximum Starting Prices, Tranche Targets, and Load Caps for the 2019 BGS-RSCP Auction...   GO >>

ANNOUNCEMENT: Minimum and Maximum Starting Prices, Tranche Targets, and Load Caps for the 2019 BGS-CIEP Auction...   GO >>

POSTING: Association and Confidential Information Rules Q&A...   GO >>

POSTINGS: Pre-Auction Security Documents and Post-Auction Letter of Credit...   GO >>

REMINDER: Deadline to Propose Modifications to the Letters of Credit is TOMORROW!...   GO >>

REMINDER: Deadline to Propose Modifications to the Letters of Credit is Tuesday, October 23; POSTING: Bidder Information Packet...   GO >>

POSTINGS: Illustrative Application Forms and Bidder Information Webcast Presentation...   GO >>

INVITATION: Comment Process for Letters of Credit...   GO >>

Deadline for Final Comments on Proposals for Procurement of BGS is Tomorrow, Friday, October 12...   GO >>

FINAL REMINDER: Bidder Information Webcast TODAY!...   GO >>

REMINDER: RSVP Now for the Upcoming Bidder Information Webcast!...   GO >>

REMINDER: Alternate Guaranty Process: Expressions of Interest Due October 23...   GO >>

ANNOUNCEMENT: RSVP Now for the Upcoming Bidder Information Webcast!...   GO >>

ANNOUNCEMENT: Hearing on Proposals for Procurement of BGS...   GO >>

POSTING: Alternate Guaranty Process...   GO >>

Deadline for Initial Comments on Proposals for Procurement of BGS is Today...   GO >>

POSTING: BGS-RSCP Pricing Spreadsheet Tool...   GO >>

POSTING: First FAQs...   GO >>

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

Board Approves Results of 2018 BGS Auctions...   GO >>