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Frequently Asked Questions - Topics - Supplier Master Agreement

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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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Data (8)
General (23)
Rates (1)
Supplier Master Agreement  (6)

Supplier Master Agreement

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... Read Answer

8/11/2020.


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... Read Answer

8/11/2020.


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... Read Answer

8/11/2020.


FAQ-12

Our bank has noted that Paragraph 8 of the Post-Auction Letter of Credit says that the Applicant pays fees, including transfer fees, while Annex 4 of the Post-Auction Letter of Credit seems to indicate that transfer fees are paid by the Beneficiary.  Will the EDCs include a modification to account for any inconsistency between these provisions?


Yes, a modification has been included by the EDCs as part... Read Answer

8/11/2020.


FAQ-11

The BGS-RSCP Supplier Master Agreement states that if a BGS-RSCP Supplier fails to provide collateral on time in response to a margin call, there is no cure period and this results in an automatic termination.  How is this managed in practice?  Could we expect the EDC to follow up if collateral is not received at the expected time?


A BGS-RSCP Supplier that receives a margin call and is... Read Answer

8/11/2020.


FAQ-8

Can you please provide a sample monthly invoice for the BGS-CIEP product? I am interested to see how the PMEA and PHEA charges/credits are lined out separately.


Sample invoices are available from the BGS Auction Manager... Read Answer

8/11/2020.


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