|
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
|
1,635.54
|
22
|
17
|
4.55%
|
74.34
|
|
JCP&L
|
736.80
|
10
|
10.00%
|
73.68
|
|
ACE
|
334.30
|
4
|
25.00%
|
83.58
|
|
RECO
|
50.80
|
1
|
100.00%
|
50.80
|
|
Total
|
2,757.44
|
37
|
-
|
-
|
-
|
For the BGS-CIEP Auction, the statewide minimum starting price is $355/MW-day and the statewide maximum starting price is $460/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 11, 2022.
|
