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:
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
