At its meeting on November 21, 2025, the New Jersey Board of Public Utilities (“Board”) rendered its decision on the EDCs’ proposal to solicit BGS supply through a single statewide Auction Process.  The Board approved the main elements of the EDCs’ proposal, namely:

• The use of a single statewide Auction Process to procure supply for BGS customers;
• A supply period of June 1, 2026 through May 31, 2029 for the BGS-RSCP Auction;
• A supply period of June 1, 2026 through May 31, 2027 for the BGS-CIEP Auction;
• The use of a clock auction format; and
• A decision by the Board on the auction results within two business days of the close of the last auction.

The Board also approved the incorporation of the terms of the Internation Swaps and Derivatives Association 2018 U.S. Resolution Stay Protocol (“U.S. Stay Protocol”) into the BGS-CIEP and BGS-RSCP Supplier Master Agreements (“SMAs”) through additional appendices to the SMAs.

For additional items and the full details of the Board decision, please consult the Board Order.

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