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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 18 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 |
1,561.08 |
21 |
18 |
4.76% |
74.34 |
| JCP&L |
876.70 |
12 |
8.33% |
73.06 |
| ACE |
326.00 |
4 |
25.00% |
81.50 |
| RECO |
49.30 |
1 |
100.00% |
49.30 |
| Total |
2,813.08 |
38 |
- |
- |
- |
For the BGS-CIEP Auction, the statewide minimum starting price is $450/MW-day and the statewide maximum starting price is $600/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. |
