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Frequently Asked Questions - Topics - Application

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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 (10)
Association and Confidential Information Rules (49)
Credit (6)
Data (14)
General (10)
Pre-Auction Security (13)
Rates (1)
Renewable Portfolio Standards (2)
Supplier Master Agreement  (7)

Application
FAQ-106. 

What are the capacity proxy prices for the 2025 BGS-RSCP Auction? Are these values expected to change?

As approved by the New Jersey Board of Public Utilities... Read Answer

1/17/2025.
FAQ-94. 

If a Bidder is not a PJM LSE at the time of submitting the Part 1 Application, will the Bidder be required to demonstrate that it has become a PJM LSE by the time it submits the Part 2 Application? 

By the time service begins, each BGS-RSCP Supplier and each... Read Answer

12/20/2024.
FAQ-90. 

How should Pre-Auction Security documents, including the Pre-Auction Letter of Credit, Letter of Reference, Letter of Intent to Provide a Guaranty, and Bid Bond, be provided?

All Pre-Auction security documents are required to be... Read Answer

12/19/2024.
FAQ-89. 

Are bidders committed to bidding in round 1 of the Auction the number of tranches in their indicative offer at the maximum starting price as submitted in their Part 2 Application?

A bidder cannot bid more in the first round of the Auction... Read Answer

12/19/2024.
FAQ-88. 

Is cash an acceptable form of pre-auction security?

No, cash is not acceptable as pre-auction security. Each... Read Answer

12/19/2024.
FAQ-85. 

What happens if a Qualified Bidder cannot make one or more of the certifications in the Part 2 Application?

It depends on the certification. Some certifications of the... Read Answer

12/19/2024.
FAQ-84. 

Is there a requirement that the bank that issues the Pre-Auction Letter of Credit be the same as the bank that issues the Letter of Reference?

There is no requirement for the bank issuing the... Read Answer

12/19/2024.
FAQ-82. 

Can the contact information for the Credit Representative for the Applicant be the same as the contact information for the Credit Representative for the Guarantor?

Yes.  Read Answer

12/13/2024.
FAQ-71. 

FAQ-71 Is an Applicant to the BGS Auctions required to be a Load-Serving Entity (“LSE”) in the PJM Interconnection, L.L.C. (“PJM”) at the time of submitting the Part 1 Application? 

No, the Applicant is not required to be a PJM LSE at the... Read Answer

11/25/2024.
FAQ-70. 

We do not have an office in New Jersey and we do not have legal counsel in New Jersey. What are our options to comply with the requirements of Section 3 of the Part 1 Application? 

Section 3 of the Part 1 Application does not compel the... Read Answer

11/25/2024.
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