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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 16 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 |
1,609.74 |
21 |
16 |
4.76% |
76.65 |
| JCP&L |
791.90 |
11 |
9.09% |
71.99 |
| ACE |
154.20 |
2 |
50.00% |
77.10 |
| RECO |
55.50 |
1 |
100.00% |
55.50 |
| Total |
2,611.34 |
35 |
- |
- |
- |
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 15, 2024.
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