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Solar Credit Procurement RFP

General Information

PECO is issuing this 2022 solar credit procurement request for proposals (RFP) to interested parties with the intent of securing proposals for 10-year fixed-price contracts for 4,000 annual Pennsylvania-based solar Alternative Energy Credits (AECs) from Tier I solar Alternative Energy Systems under Pennsylvania's Alternative Energy Portfolio Standards Act. An additional 4,000 solar alternative energy credits will be purchased annually at the same price from the RFP from local solar providers within the PECO service territory, more specifically, Southeastern Pennsylvania.

*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 2021 RFP was $34.07/ Solar AEC
  • Bidders must apply for the minimum annual offer amount of 200 alternative energy credits. 
  • Register HERE for February 23, 2022  11am Est. RFP Overview Conference WebEx. 
  • Please contact PECOSolar@exeloncorp.com with any questions.

Key Date Schedule:

  • RFP Overview Conference – February 23, 2022
  • Non-binding Notice of Intent to Bid Due – March 7, 2022
  • Bidder Inquiries Deadline (5:00pm Eastern) – March 14, 2022
  • Final Publication of Responses to Inquiries – March 21, 2022
  • Bidder Applications Due Date – April 5, 2022
  • Notification of Bidder Qualification – April15, 2022
  • Bid Proposal Due Date – April 20, 2022
  • Notification of Selected Bidders – May 5, 2022
  • Execution of AEC Purchase and Sale Agreements – May 20, 2022 


How to Submit Proposal


All entities intending to bid in response to this PECO RFP must submit a Notice of Intent to Bid by March 7, 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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