| FAQ-18. When will the Part 1 Application be made available to Bidders?
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The Part 1 Application will be made available to bidders no later than Tuesday, December 1, 2026. Bidders that requested an account for purposes of accessing and completing the online Part 1 Application prior to the Part 1 Application being made available, as well as returning Bidders that have participated in past BGS Auctions, will be issued accounts on Tuesday, December 1, 2026. Bidders in need of an account to access the online application forms can request one by clicking here.
10/1/2026, in
Application.
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| FAQ-17. Can a potential bidder rely on the financial standing of a foreign Guarantor?
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Potential bidders wishing to rely on the financial standing of a Guarantor will have to provide information for their Guarantor with the Part 1 Application, including credit ratings and certain financial information.
As described in Section 6.2 of the BGS-CIEP Supplier Master Agreement (“SMA”) and Section 6.4 of the BGS-RSCP SMA, to rely on the financial standing of a Guarantor and to receive unsecured credit under the BGS SMAs, the Guarantor must:
1) be rated by at least two of the following rating agencies: S&P Global Ratings (“S&P”), Moody’s Investors Services, Inc (“Moody’s”), Fitch, Inc (“Fitch”), or A.M. Best Company (“A.M. Best); and
2) have a minimum senior unsecured debt rating (or, if unavailable, corporate issuer rating discounted one notch) of at least “BBB-” from S&P, “Baa3” from Moody’s, “BBB-” from Fitch, or “bbb” from A.M. Best.
To rely on the financial standing of a foreign Guarantor (a Guarantor that has not been incorporated or otherwise formed under the laws of a state of the United States or of the District of Columbia) and to receive unsecured credit under the BGS SMAs, the foreign Guarantor must have comparable assurances of creditworthiness to the aforementioned rating requirements for Guarantors that have been incorporated or otherwise formed under the laws of a state of the United States or of the District of Columbia.
The EDCS shall have full discretion, without liability or recourse to the foreign Guarantor or the BGS Supplier, to evaluate the evidence of creditworthiness submitted for such foreign Guarantor. The EDCs may also re-evaluate a potential bidder’s and/or their Guarantor’s creditworthiness should the Bidder be a winner in the BGS Auctions. If creditworthiness for the foreign Guarantor cannot be met, the winning Bidder (“BGS Supplier”) will be required to post cash or letter of credit for the Total Exposure Amount.
Additionally, as also described in Section 6.2 of the BGS-CIEP SMA and Section 6.4 of the BGS-RSCP SMA, the following documentation for foreign Guarantors must be provided upon execution of the BGS SMAs:
(i) a legal opinion of counsel qualified to practice in the foreign jurisdiction in which the foreign Guarantor is incorporated or otherwise formed that the Guaranty has been duly authorized, executed and delivered and is the legal, valid and binding obligation of the foreign Guarantor in the jurisdiction in which it has been incorporated or otherwise formed;
(ii) the sworn certificate of the corporate secretary (or similar officer) of such foreign Guarantor that the person executing the Guaranty on behalf of the foreign Guarantor has the authority to execute the Guaranty and that the governing board of such foreign Guarantor has approved the execution of the Guaranty; and
(iii) the sworn certificate of the corporate secretary (or similar officer) of such foreign Guarantor that the foreign Guarantor has been authorized by its governing board to enter into agreements of the same type as this Guaranty.
The EDCs shall have full discretion, without liability or obligation to the foreign Guarantor or the BGS Supplier, to evaluate the sufficiency of the documents submitted by such foreign Guarantor.
Foreign Guarantors have the option, but not the obligation, to submit drafts of these documents for review by the EDCs by December 1, 2026. The EDCs will provide their review by December 18, 2026 and foreign Guarantors have the further option to provide revised draft documents for further review by the EDCs. The schedule of events in this review process is included in the calendar posted to the BGS Auction website
10/1/2026, in
Application.
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| FAQ-16. Under what circumstances should a potential bidder participate in the alternate guaranty process?
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Potential bidders wishing to rely on the financial standing of a Guarantor and who cannot use the Guaranty appended to the BGS-CIEP Supplier Master Agreement (“SMA”) and to the BGS-RSCP SMA are invited to propose an alternate form of guaranty. This process is entirely optional. The alternate form of guaranty must meet the requirements specified in the Alternate Guaranty Process document posted on the Contract & Credit page.
10/1/2026, in
Supplier Master Agreement .
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| FAQ-15. Are historical “BGS-RSCP Pricing Factors” files available on the BGS Auction website?
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The data you request is not available. Each EDCs’ BGS-RSCP pricing factors and tariff sheets previously filed with the NJ BPU may be located through the BPU’s docket search feature. This resource may be used to identify documents, data, and other materials associated with prior BGS proceedings.
8/21/2026, in
Data.
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| FAQ-14. Are redlines available between the final 2026 Supplier Master Agreements (“SMAs”) and the provisional 2027 SMAs?
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The BGS Auction Manager has made available redlines between the Final 2026 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, 2027. The redlines are available on the Contract and Credit page of the “bidder info” tab of the BGS Auction website.
8/11/2026, in
Supplier Master Agreement .
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| FAQ-13. Please confirm that, for JCP&L, the data in the “Electric_Switching_Historical” file is correct for February and March 2026. There appears to be a large increase in Residential Switching Accounts, but no corresponding increase in Residential Switching Load.
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JCP&L has confirmed that the data provided in the “Electric_Switching_Historical” file is accurate. For JCP&L, the Residential Switching Accounts values are based on customer counts as of each month-end. The Load values (MW) are not load based on consumption each month, but rather the capacity obligation.
8/11/2026, in
Data.
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| FAQ-12. When are the 2026 BGS Auctions results available?
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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 2026 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 2026 BGS Auctions can be found here.
8/11/2026, in
General.
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| FAQ-11. Are BGS Suppliers responsible for changes to the Renewable Energy Portfolio Standards (“RPS”) that occur during the term of the Supplier Master Agreement?
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The BGS-CIEP and BGS-RSCP Supplier Master Agreements make the BGS Supplier responsible for legislative changes as well as for the Renewable Energy Portfolio Standards (“RPS”) that are in effect during the term of the contract, including any changes to the RPS.
8/11/2026, in
Renewable Portfolio Standards.
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| FAQ-10. Can you please send recent price curves that have been used to calculate mark-to-market exposure amounts?
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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.
8/11/2026, in
General.
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| FAQ-9. When do we need to sign the applicable Supplier Master Agreements if we win tranches in the BGS Auctions?
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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.
8/11/2026, in
Supplier Master Agreement .
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| FAQ-8. There are no questions posted to the FAQ archives on the BGS Auction website. Where can I find FAQs from previous auctions?
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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.
8/11/2026, in
General.
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| FAQ-7. Is the hourly load data reported in Eastern Standard Time or Eastern Prevailing Time?
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The data in the BGS Data Room is reported in Eastern Prevailing Time (“EPT”).
8/11/2026, in
Data.
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| FAQ-6. Does the BGS-CIEP closing price determine the payment to BGS-CIEP Suppliers as well as the rates for BGS-CIEP customers?
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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) a fixed ancillary service payment rate applied to the supplier’s share of BGS-CIEP Load (energy); (ii) 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 (iii) 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.
8/11/2026, in
Rates.
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| FAQ-5. Are BGS suppliers paired with individual customers or with customers within an EDC’s subzone?
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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.
8/11/2026, in
General.
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| FAQ-4. What is BGS?
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“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.
8/11/2026, in
General.
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| FAQ-3. What is the primary function of the BGS Auction website?
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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.
8/11/2026, in
General.
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| 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?
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The Board issues an Order at the conclusion of the Auction Process. The Orders are found on the “bgs orders” tab of the “auction” page. 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.
8/11/2026, in
General.
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| FAQ-1. When are the 2027 BGS Auctions expected to take place?
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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 by July 1, 2026 (the “July Filing”). This proposal includes a tentative auction timeline. The proposed start dates are February 5, 2027 and February 8, 2027 for the BGS-CIEP Auction and the BGS-RSCP Auction, respectively.
8/11/2026, in
General.
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