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ANNOUNCEMENT: Minimum and Maximum Starting Prices, Tranche Targets, and Load Caps for the 2022 BGS-RSCP Auction

Please find below, for the BGS-RSCP Auction:

  1. the tranche target for each EDC;
  2. the statewide load cap;
  3. the load cap for each EDC; and
  4. 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 20 tranches, which is the maximum number of tranches that a bidder can bid in the Auction and serve statewide.  There is an EDC Load Cap for each EDC, which is a maximum number of tranches for the EDC that a bidder can bid in the Auction and serve for that EDC.

EDC

Total

RSCP Peak Load

Share (MW)

2022 Auction RSCP Peak Load Share (MW)

Tranche Target

EDC

Load Cap

Tranche Size  (%)

MW-Measure

PSE&G

7,784.42

2,564.24

28

13

1.18%

91.58

JCP&L

4,796.46

1,631.70

18

8

1.89%

90.65

ACE

1,986.60

632.10

7

3

4.55%

90.30

RECO

373.39

93.35

1

1

25.00%

93.35

Total

14,940.87

4,921.39

54

-

-

-

 

For the BGS-RSCP Auction, the statewide minimum starting price will be 10.5¢/kWh and the statewide maximum starting price will be 12.5¢/kWh.

In the first round of the BGS-RSCP 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.  Please see the BGS-RSCP Auction Rules for further details.

November 17, 2021.

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