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Solar Credit Procurement Standard Offer Purchase

General Information

PECO is issuing this 2022 solar credit Standard Offer to Purchase (SOP) procurement to interested parties with the intent of securing proposals for 10-year fixed-price contracts for 4,000 annual PECO Service Territory-based solar Alternative Energy Credits (AECs) from Tier I solar Alternative Energy Systems under Pennsylvania's Alternative Energy Portfolio Standards Act. Earlier in 2022, PECO conducted an RFP for 4,000 Pennsylvania solar alternative energy credits and executed agreements with winning bidders at a weighted-average price of $32.92 / solar AEC. Bidders in this SOP phase must be willing to sell PECO their offered annual contract amount for ten years at the fixed price of $32.92 / solar AEC. Black & Veatch will serve as RFP Monitor.

*Potential bidders are strongly urged to review both the RFP and the AEC Purchase and Sale Agreement and to consult with counsel with respect to requirements and obligations under this RFP and the AEC Purchase and Sale Agreement.

Details can be found in the Pa PUC Approved PECO Solar RFP rules here


Key highlights are: 

  • The weighted-average winning bid price from the 2022 RFP was $32.92/ Solar AEC
  • Bidders must apply for the minimum annual offer amount of 200 alternative energy credits. 
  • Register HERE for July 20, 2022  2PM Est. RFP Overview Conference via Microsoft Teams. 
  • Please contact PECOSolar@exeloncorp.com with any questions.

Key Date Schedule:

  • RFP Overview Conference – July 20, 2022
  • Non-binding Notice of Intent to Bid Due – July 29, 2022
  • Bidder Inquiries Deadline (5:00pm Eastern) – August 3, 2022
  • Final Publication of Responses to Inquiries – August 8, 2022
  • Bidder Applications Due Date  (5:00pm Eastern) – August 23, 2022
  • Notification of Selected Bidder – August 24, 2022 - November 21, 2022 (90 Day Windwo or until REF Maximum quantity is met) 
  • Execution of AEC Purchase and Sale Agreements – After PUC Approval  


How to Submit Proposal


All entities intending to bid in response to this PECO RFP must submit a Notice of Intent to Bid by July 29th, 2022 to PECOSolar@exeloncorp.com. Neither this requirement nor bidder's submission of this Notice shall constitute an offer. Submission of this notice does not impose any requirement or obligation to submit an application or bid proposal. All bidder applications shall be in PDF electronic format with bidder information organized in the designated sections. Bidders must submit all bid proposals to: PECOSolarRFP@bv.com 


Documents

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