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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 17 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
|
1,770.74
|
24
|
17
|
4.17%
|
73.78
|
|
JCP&L
|
692.70
|
9
|
11.11%
|
76.97
|
|
ACE
|
135.10
|
2
|
50.00%
|
67.55
|
|
RECO
|
49.80
|
1
|
100.00%
|
49.80
|
|
Total
|
2,648.34
|
36
|
-
|
-
|
-
|
For the BGS-CIEP Auction, the statewide minimum starting price is $800/MW-day and the statewide maximum starting price is $1,000/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 14, 2025.
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