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Solar Credit Procurement RFP

General Information

PECO is issuing this 2021 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 2021, PECO conducted an RFP for 4,000 Pennsylvania solar alternative energy credits and executed agreements with winning bidders at a weighted-average price of $34.07 / 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 $34.07 / 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: 

  • Earlier in 2021, PECO conducted a statewide request for proposal (RFP) for 10-year fixed-price contracts for 4,000 annual Pennsylvania-based solar alternative energy credits.
  • The weighted-average winning bid price was $34.07/ Solar AEC.
  • PECO is seeking annual quantity bids for an additional 4,000 PA-qualified AEPS solar AECs at the standard offer price of $34.07/Solar AEC.
  • PECO LOCAL SOLAR REQUIREMENT: All AECs must be generated by solar resources physically located in the PECO Energy Service Area. https://www.peco.com/SiteCollectionDocuments/PECOElectricServiceMap1.pdf#search=service%20area
  • Winning bidders will be selected first by the Date complete bidder applications are received. All Applications received on the same day will be ranked by lowest to highest Contract Quantity bids, with the lower contract quantities receiving priority.
  • The first day of the 90-day bid window to receive Applications and Bids is Monday, September 13, 2021
  • Bidders must apply for the minimum annual offer amount of 200 alternative energy credits. 
  • Register HERE for August 10, 2021 Standard Offer to Purchase Overview Conference WebEx. 
  • Please contact PECOSolar@exeloncorp.com with any questions.

Key Date Schedule:

  • RFP Overview Conference (Standard Offer to Purchase Phase) – August 10, 2021
  • Non-binding Notice of Intent to Bid Due – August 19, 2021
  • Bidder Inquiries Deadline (5:00pm Eastern) – August 24, 2021
  • Final Publication of Responses to Inquiries – August 30, 2021
  • Bidder Applications / Bid Proposals with Contract Amount Window Opens Monday, September 13, 2021 ( 'first come, first served' basis, as determined by the Application Receipt Date – [Note:  In the SOTP stage, Bid Proposals will be ranked by the Application Receipt Date and Contract Amount until the RFP Maximum quantity is met or the 90-day SOTP Window ends, whichever comes first. Any Applications received on or after midnight will be deemed to have been received on that date; PECO will not differentiate Application receipt times within a day.] Window to submit the bidder applications is now closed for the Standard Offer.
  • Notification of Bidder Qualification/ Notification of Selected Bidder (ten days following receipt of application) – beginning September 23
  • Bid Proposals will be ranked by the Application Receipt Date and Contract Amount until the RFP Maximum quantity is met or the 90-day SOTP Window ends, whichever comes first.
  • 90-Day Standard Offer to Purchase Window ends. December 12, 2021
  • Report to PUC for Approval – September 27 or later until 4,000 AEC quantity is met
  • Notification of Successful Bidder - October 11 or later
  • Execution of AEC Purchase and Sale Agreements – October 22, 2021 or later.


How to Submit Proposal

All entities intending to bid in response to this PECO RFP must submit a Notice of Intent to Bid by August 19, 2021 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

RFP Schedule (subject to change)

The schedule for the 2021 Solar Credit Procurement RFP is as follows and is subject to change:

  • RFP Overview Conference – April 20, 2021
  • Launch RFP – April 20, 2021
  • Non-binding Notice of Intent to Bid Due – April 29, 2021
  • Bidder Inquiries Deadline (5:00pm) – May 4, 2021
  • Final Publication of Responses to Inquiries – May 9, 2021
  • Bidder Applications Due (5:00pm) – May 24, 2021
  • Notification of Bidder Qualification – June 3, 2021
  • Bid Proposal Due (5:00pm) – June 8, 2021
  • Notification of Selected Bidders – June 23, 2021
  • Execution of AEC Purchase and Sale Agreements – July 8, 2021 

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