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Please find below, for the BGS-CIEP Auction:
- the tranche target for each EDC;
- the statewide load cap; and
- the size and MW-measure for each tranche.
A tranche target is the number of tranches needed for a given EDC at the beginning of the Auction. There is a statewide load cap of 18 tranches, which is the maximum number of tranches that a bidder can bid in the Auction and serve statewide.
|
EDC
|
CIEP
Peak Load Share
(MW)
|
Tranche Target
|
Statewide Load Cap
|
Tranche Size (%)
|
MW-Measure
|
|
PSE&G
|
1,810.92
|
24
|
18
|
4.17%
|
75.46
|
|
JCP&L
|
844.10
|
11
|
9.09%
|
76.74
|
|
ACE
|
321.80
|
4
|
25.00%
|
80.45
|
|
RECO
|
54.69
|
1
|
100.00%
|
54.69
|
|
Total
|
3,031.51
|
40
|
-
|
-
|
-
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For the BGS-CIEP Auction, the statewide minimum starting price is $500/MW-day and the statewide maximum starting price is $650/MW-day. The statewide minimum and maximum starting prices are levels for the CIEP Price.
In the first round of the BGS-CIEP Auction, prices will be set no lower than the minimum starting price and no higher than the maximum starting price. In their Part 2 Applications, Qualified Bidders will submit indicative offers at the maximum starting price and at the minimum starting price. The number of tranches indicated by a Qualified Bidder at the maximum starting price cannot be lower than two. Please see the BGS-CIEP Auction Rules for further details.
November 20, 2020.
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