The 2018 BGS-CIEP Auction and the 2018 BGS-RSCP Auction are scheduled to begin in early 2018. The New Jersey Board of Public Utilities (Board) is expected to make a decision on the results within 2 days of the end of the BGS-RSCP Auction or the BGS-CIEP Auction, whichever comes later. At that time, the Board may also release results of the auctions through its website as it has in years past.
Each year since 2002, the four New Jersey Electric Distribution Companies (EDCs) - Public Service Electric and Gas Company (PSE&G), Atlantic City Electric Company (ACE), Jersey Central Power & Light Company (JCP&L), and Rockland Electric Company (RECO) - have procured several billion dollars of electric supply to serve their Basic Generation Service (BGS) customers through a statewide auction process held in February. BGS refers to the service of customers who are not served by a third party supplier or competitive retailer. This service is sometimes known as Standard Offer Service, Default Service, or Provider of Last Resort Service. The Auction Process has consisted of two auctions that are held concurrently, one for larger customers (BGS-CIEP) and one for smaller commercial and residential customers (BGS-RSCP).
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Do you have a question about New Jersey's Renewable Portfolio Standards?
- For more information about the EDCs' undertaking concerning renewable portfolio standards, please go to the BPU Docs page.
Do you have a question about PJM's Auction Revenue Rights?
- To find more information about PJM's Annual Auction Revenue Rights Allocation, please go to the PJM Links page
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