A BGS Supplier that is currently serving tranches (won in a previous BGS-CIEP or BGS-RSCP Auction) for a particular EDC and that has an existing Guaranty for the benefit of that EDC tendered to satisfy the creditworthiness requirements of the SMA may either replace or amend the Guaranty still in force should the BGS Supplier win additional tranches for that particular EDC in the upcoming BGS Auctions. There is no standard form of Guaranty amendment available at this time. It is expected that the BGS Supplier would agree with the EDC on the modifications that are required under the SMA.

Winning Bidders in the BGS-CIEP or BGS-RSCP Auction may choose to meet the credit requirements of the SMA using a Post-Auction Letter of Credit. The Post-Auction Letter of Credit is completed with the EDCs directly, not the Auction Manager. For information regarding the status of any Post-Auction Letters of Credit, please directly contact the EDC(s) that you are currently serving tranches for. 

The Pre-Auction Letter of Credit does not remain active between BGS Auctions. For both the BGS-CIEP and BGS-RSCP Auction, a winning Bidder’s Pre-Auction Letter of Credit is cancelled once the BGS Supplier Master Agreement (“SMA”) is executed and all credit requirements of the SMA are met. The Pre-Auction Letter of Credit is also cancelled if a Bidder has not won any tranches in the Auction. For each BGS-CIEP and BGS-RSCP Auction process, a Bidder must submit a new Pre-Auction Letter of Credit (or Bid Bond) with its Part 2 Application. 

The EDCs addressed the treatment of the new PJM Billing Statement Line Items associated with the DOE’s emergency order under Section 202(c) of the FPA in their Joint Final Comments. Please review the Initial Comments and Final Comments submitted as part of the 2026 BGS proceeding (New Jersey Board of Public Utilities Docket Number ER25040190) for further information on this matter. The New Jersey Board of Public Utilities is expected to render its decision on the EDCs' Proposal for Basic Generation Service Requirements to be Procured Effective June 1, 2026 in November 2025.

As described in the EDCs’ Proposal for Basic Generation Service Requirements to be Procured Effective June 1, 2026 (“Joint Proposal”), the EDCs proposed setting a Capacity Proxy Price for each of the 2026/2027, 2027/2028, and 2028/2029 delivery years that suppliers would be able to incorporate into their bids in the event that the results of PJM’s base residual auction (“BRA”) for that delivery year are not known at least five business days prior to the start of the BGS-RSCP or BGS-CIEP Auction.  The EDCs also proposed that if the results of the BRA for the 2026/2027, 2027/2028, and 2028/2029 delivery years are known at least five business days prior to the start of the BGS-RSCP or BGS-CIEP Auction, the Capacity Proxy Price for the applicable delivery year will no longer be needed and will be voided. Please see the EDCs’ Joint Proposal for information on the calculation of these values. The EDCs’ Joint Proposal is available on the BGS Proceeding page of the BGS Auction website.

As the results of the BRA for the 2026/2027 delivery year were made available in July 2025, the Capacity Proxy Price for the 2026/2027 delivery year as well as Supplement A to the BGS-RSCP and BGS-CIEP Supplier Master Agreements are to be voided in accordance with the EDCs’ Joint Proposal.  The BRA for the 2027/2028 delivery year is set to be held in December 2025 and the capacity charge is expected to be known at least five (5) business days prior to the 2026 BGS-RSCP Auction. The BRA for the 2028/2029 delivery year is set to be held in June 2026 and thus, the capacity charge for the 2028/2029 delivery year is not expected to be known at least five (5) business days prior to the 2026 BGS-RSCP Auction.  The Auction Manager will reconfirm the values of any needed capacity proxy prices(s) no later than five (5) business days prior to the BGS-RSCP Auction.

Winning BGS-RSCP suppliers will be paid the closing price (cents/kWh) in the BGS-RSCP Auction for load served. In the 2027/2028 and 2028/2029 delivery years, BGS-RSCP suppliers will additionally be paid (or will pay) the difference between the rate paid by BGS-RSCP suppliers for capacity and the final Capacity Proxy Price for that delivery year. These payments will only occur in the 2027/2028 delivery year or in the 2028/2029 delivery year, even if the value of the capacity price for that delivery year is known prior to the start of that delivery year - but only if the results of the BRA for that delivery year are not known at least five business days prior to the start of the BGS-RSCP Auction. These calculations are fully described in the Supplements to the BGS-RSCP Supplier Master Agreement. Additionally, please see each EDC’s rate design spreadsheet posted to the Additional Data Room of the BGS Auction website for example calculations of the true-up mechanism described in the Supplements to the BGS-RSCP Supplier Master Agreement.

The BGS Auction website is refreshed every year to include only content relevant for the upcoming BGS Auctions. Materials from prior auctions are removed from the BGS Auction website as the information may no longer be relevant.

While the BGS Auction website contains some general information of interest to all stakeholders, this website is mainly established for suppliers that participate in the upcoming BGS Auctions and as such we do not generally maintain a database of past materials. 

However, the New Jersey Board of Public Utilities (“Board”) has document search tools that allow members of the public to locate documents that have been filed with the Board (https://www.nj.gov/bpu/agenda/orders/).  For this purpose, it may be helpful to note the docket numbers in which such prior documents were filed, which are available from the Board decisions posted to the BGS orders page of the auction tab on the BGS Auction website.

The EDCs’ Proposal for Basic Generation Service Requirements to be Procured Effective June 1, 2026 (“Joint Proposal”) includes a tentative auction timeline. The proposed start dates are February 6, 2026 and February 9, 2026 for the BGS-CIEP Auction and the BGS-RSCP Auction, respectively. Please see the Calendar page of the BGS Auction website for all important dates relating to the 2026 BGS Auctions.

Results of previous BGS Auctions can be found on the Past Results page of the BGS Auction website. Information regarding the number of tranches won by each BGS Supplier in each EDC territory is typically released in early May following the BGS Auctions, approximately one month before the supply period starts. 

As described in the EDCs’ Proposal for Basic Generation Service Requirements to be Procured Effective June 1, 2026 (“Joint Proposal”), the EDCs proposed setting a Capacity Proxy Price for each of the 2026/2027, 2027/2028, and 2028/2029 delivery years that suppliers would be able to incorporate into their bids in the event that the results of PJM’s base residual auction (“BRA”) for that delivery year are not known at least five business days prior to the start of the BGS-RSCP or BGS-CIEP Auction.  The EDCs also proposed that if the results of the BRA for the 2026/2027, 2027/2028, and 2028/2029 delivery years are known at least five business days prior to the start of the BGS-RSCP or BGS-CIEP Auction, the Capacity Proxy Price for the applicable delivery year will no longer be needed and will be voided.

As the results of the BRA for the 2026/2027 delivery year were made available in July 2025, the Capacity Proxy Price for the 2026/2027 delivery year as well as Supplement A to the BGS-RSCP and BGS-CIEP Supplier Master Agreements are to be voided in accordance with the EDCs’ Joint Proposal.  The BRA for the 2027/2028 delivery year is set to be held in December 2025 and the capacity charge is expected to be known at least five (5) business days prior to the 2026 BGS-RSCP Auction. The BRA for the 2028/2029 delivery year is set to be held in June 2026 and thus, the capacity charge for the 2028/2029 delivery year is not expected to be known at least five (5) business days prior to the 2026 BGS-RSCP Auction.  The Auction Manager will reconfirm the values of any needed capacity proxy prices(s) no later than five (5) business days prior to the BGS-RSCP Auction.

The EDCs’ Joint Proposal is available on the bgs proceeding page of the BGS Auction website.

Revised 9/18/2025

Please see each EDC’s Company Specific Addendum posted to the bgs proceeding page under the auction tab of the BGS Auction website.

On April 23, 2025, the New Jersey Board of Public Utilities (“Board”) issued a procedural Order and initiated a BGS proceeding for the period starting June 1, 2026 (Docket No. ER25040190). On July 1, 2025, the EDCs filed their proposal for the procurement of BGS.

The deadline for interested stakeholders to submit initial comments on any aspect of the EDCs’ proposal is Friday, September 5, 2025, and the deadline for interested stakeholders to submit final comments is Friday, October 10, 2025.  Such comments should be filed with the Board Secretary and should also be electronically served via email to parties on this BGS e-service list. 

Interested stakeholders may submit final comments without having submitted initial comments. However, please note, final comments can only be used to respond to issues raised in the initial comments, issues raised at the Legislative-Type Hearing, or questions issued by Board Staff.

The BGS Auction Manager has made available redlines between the Final 2025 BGS-CIEP and BGS-RSCP SMAs and the SMAs filed as part of the EDCs’ Proposal for the provision of Basic Generation Service for the period beginning June 1, 2026. The redlines are available on the Contract and Credit page of the “bidder info” tab of the BGS Auction website.

Under the BGS-RSCP and BGS-CIEP Supplier Master Agreements (“SMAs”), BGS Suppliers are responsible for legislative changes that are in effect during the term of the SMA(s).  If you have any questions concerning the legal standing or implications of a New Jersey BPU Board Order, we strongly advise that you consult with counsel qualified to make such assessment.  Neither the EDCs nor the Auction Manager analyze or interpret legislation for bidders and bidders are encouraged to obtain their own advice with respect to existing or pending legislation that could affect BGS supply responsibilities. 

The data you request is not available. However, please find below a description of how broker quotes are used to calculate the forward market prices for purposes of the mark-to-market (“MtM”) exposure amount calculation.

Forward market prices are calculated using data from brokers, which is defined in the BGS-RSCP SMA to include both independent brokers and exchanges active in the energy markets. Data sources have changed periodically based on data availability.  The sources currently used are Intercontinental Exchange, Inc. (“ICE”), TFS Energy LLC (“TFS”), and Amerex Brokers LLC (“Amerex”).

The forward market prices are calculated by averaging the available broker quotes and the broker quotes may be for individual months, two-month blocks, or quarterly blocks. The “MtM Exposure Amount Calculation Information” section of Appendix B describes how the EDCs unpack multi-month blocks to derive forward market prices for individual months in instances where a block and a component of the block are available. Using multiple sources and employing a method to unpack two-month blocks and quarterly blocks allows the EDCs to maximize the number of quotes used to calculate the forward market prices.

When quotes are available from more than one data source, the forward market prices are calculated by averaging the available broker quotes. When quotes are only available from a single broker or data source, and that source is ICE, then the forward market prices are calculated as the average of the ICE quotes over the preceding five (5) days. Forward market prices for the months, two-month blocks, or quarterly blocks where broker quotes are unavailable from any broker will be equal to the last available broker quote or in case they have not been quoted since the BGS-RSCP Auction closed, they will be equal to the marks set at the close of the BGS-RSCP Auction.

Please see Appendix B of the BGS-RSCP SMA for additional details surrounding the MtM calculation.

Please visit New Jersey’s Division of Clean Energy website (https://njcleanenergy.com/renewable-energy/program-updates/rps-compliance-reports) for details on New Jersey’s RPS requirements and transferring RECs and SRECs for purposes of satisfying New Jersey’s RPS.

Information regarding the number of tranches won by each BGS Supplier in each EDC territory is typically released in early May, approximately one month before the supply period starts.  Results of previous BGS Auctions, including the 2025 BGS Auctions, can be found on the Past Results page of the BGS Auction website. The New Jersey Board of Public Utilities (“Board”)’s order approving the results of the 2025 BGS Auctions can be found here.

The total preliminary BGS-RSCP Energy obligation will be based on the total Energy loads for all of the BGS-RSCP Customers as calculated by the EDC, including all losses and unaccounted for energy (“UFE”). Similarly, the total preliminary BGS-CIEP Energy obligation will be equal to the total Energy loads for the BGS-CIEP Customers, as calculated by the EDC, including losses and UFE.  Please see Section 7.3 of the BGS-RSCP Supplier Master Agreement and Section 7.3 of the BGS-CIEP Supplier Master Agreement.

The load data in the BGS Data Room for PSE&G, JCP&L, and RECO includes UFE. The load data for ACE does not include UFE. 

Generally, the load data on the BGS Data Room is at the wholesale level.  All hourly load data series include applicable transmission as well as distribution losses. However, hourly load data must be adjusted by the Hourly De-Rating Factors in order to achieve settlement loads. Hourly De-Rating Factors are used for settlement purposes per PJM’s implementation of its marginal loss methodology. For information about PJM’s implementation of its marginal loss methodology, please contact PJM.

To develop JCP&L BGS-RSCP hourly load (for data prior to August 1, 2022), first subtract the developed BGS-CIEP load data (adjusted for excess generation) from the developed Total BGS load data (adjusted for excess generation), then subtract from this value the Total Retail Hourly excess generation data: 

[Total BGS Hourly Load + (Total BGS Hourly Load Excess Generation)] – [BGS-CIEP Hourly Load + (BGS-CIEP Hourly Load Excess Generation)] - (Total Retail Hourly Load Excess Generation) = BGS-RSCP Hourly Load

Beginning August 1, 2022, JCP&L load data no longer needs to be adjusted by the posted excess generation to be consistent with the JCP&L load reported to PJM for settlement purposes

As stated in section VI.D. of the BGS-CIEP Rules and section VII.D. of the BGS-RSCP Rules, each winner and each EDC will have three days from the time at which the Board approves the Auction results to execute the applicable agreement. Each winner will have these three days to demonstrate compliance with the creditworthiness requirements set forth in the applicable agreement. Please review the BGS-CIEP Rules and BGS-RSCP Rules for further information.

The documents and FAQs of the BGS Auction website are refreshed every year to include only content relevant for the upcoming BGS Auctions. The FAQ Archive page is for FAQs posted since the refresh of the BGS Auction website but that are no longer relevant at the present time. FAQs from prior BGS Auctions are no longer available.

The data in the BGS Data Room is reported in Eastern Prevailing Time (“EPT”).

Go to page: 1(newest)  2(oldest)  Next