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ANNOUNCEMENT: Board Decision on BGS Proposals

At its meeting on November 21, 2017 the New Jersey Board of Public Utilities ("Board") rendered its decision on the EDCs’ proposal to solicit BGS supply through a single statewide process.  The Board approved the main elements of the EDC proposal, namely:

  • Using a single statewide Auction Process to procure supply for BGS customers;
  • Holding two auctions, the BGS-CIEP Auction for large commercial and industrial customers, and the BGS-RSCP Auction for residential and small commercial customers;
  • A supply period of June 1, 2018 through May 31, 2021 for the BGS-RSCP Auction;
  • A supply period of June 1, 2018 through May 31, 2019 for the BGS-CIEP Auction;
  • The use of a clock auction format; and
  • A decision by the Board on the auction results within two business days of the close of the last auction.

The Board Order is posted here.  

November 22, 2017.

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