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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 as time permits.

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Application (7)
Association and Confidential Information Rules (49)
Credit (3)
Data (4)
General (10)
Pre-Auction Security (6)
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Renewable Portfolio Standards (1)
Supplier Master Agreement  (7)

Supplier Master Agreement


Can you please provide redlines between the July Filing SMAs and the Final SMAs for the 2023 BGS Auctions?

Redlines between the July Filing SMAs and the Final SMAs... Read Answer



We are relying on the financial standing of a foreign Guarantor for the BGS Auctions. We understand that should we win tranches in the Auction we will be required to submit additional documentation upon execution of the BGS-CIEP or BGS-RSCP Supplier Master Agreement (“SMA”) as a condition of being granted credit limits as applicable under the SMAs. Can we use the same set of the additional documentation for multiple EDCs or does each EDC require a separate set of additional documents?

Should a bidder win tranches with more than one of the... Read Answer



We are reviewing the MtM Amendment. Can you please provide the definition of 'Forward Market Price' used in the 2021 and 2022 BGS-RSCP Supplier Master Agreements?

The definition of Forward Market Price from the 2021 and... Read Answer



We would like to rely on the financial standing of a Guarantor. What are the minimum requirements for the Guarantor to receive unsecured credit under the BGS Supplier Master Agreements? Are we able to change the entity on whose financial standing we are relying after the Part 1 Date? 

An applicant wishing to rely on the financial standing of a... Read Answer



In the event that we become a winning bidder in the Auction, is it required for the Authorized Representative or the Officer who names the Authorized Representative in the Part 1 Application to be the individual who executes the applicable Supplier Master Agreement (“SMA”)?

Neither the Authorized Representative, nor the Officer who... Read Answer



Are redlines available between the final 2022 Supplier Master Agreements (“SMAs”) and the provisional 2023 SMAs?

The BGS Auction Manager has made available redlines between... Read Answer



Appendix B of the BGS-RSCP Supplier Master Agreement (“BGS-RSCP SMA”) provides a description of the mark-to-market (“MtM”) exposure amount calculation and mentions the use of broker quotes. Can you provide further details as to how broker quotes are used to calculate the forward market prices for purposes of the MtM methodology?

Forward market prices are calculated using data from... Read Answer


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