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ANNOUNCEMENT: Minimum and Maximum Starting Prices, Tranche Targets, and Load Caps for the 2018 BGS-RSCP Auction

Please find below, for the BGS-RSCP Auction:

  • the tranche target for each EDC;
  • the statewide load cap;
  • the load cap for each EDC; 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 21 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

RSCP Peak Load Share (MW)

2018 Auction RSCP Peak Load Share (MW)

Tranche Target

EDC Load Cap

Size of Tranche (%)

MW-Measure

PSE&G

7,639.76

2,606.51

29

14

1.18%

89.88

JCP&L*

4,722.96

1,824.78

20

9

1.93%

91.24

ACE

2,017.40

641.90

7

3

4.55%

91.70

RECO

386.70

96.68

1

1

25.00%

96.68

Total

14,766.82

5,169.87

57

-

-

-

* The Public Power Association of New Jersey (PPANJ) has petitioned the BPU requesting authorization to receive the entire St. Lawrence allocation on behalf of PPANJ’s members.  JCP&L will continue to serve the 10 MW of load associated with the St Lawrence allocation pending a final determination by the BPU.  The RSCP Peak Load Share in the table above has been reduced by 10 MW.

For the BGS-RSCP Auction, the statewide minimum starting price will be 11.5¢/kWh and the statewide maximum starting price will be 17.0¢/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 15, 2017.

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