2020 Block Energy (AIC, ComEd, and MEC) and Capacity (AIC) RFPs
Illinois Power Agency procures monthly on-peak and off-peak block energy forward products for ComEd and Ameren Illinois Company (AIC) covering June 2020 through May 2023, plus capacity products for AIC with start dates June 2021 and June 2022. Bidders must be PJM Affiliate or Voting Members or MISO Certified Market Participants. Part 1 bids due August 20, 2020 at noon CDT; Part 2 bids due August 26, 2020 at noon CDT.
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AI overview
The Illinois Power Agency (IPA) is conducting a Fall 2020 Block Energy and Capacity procurement event for multiple utilities serving Illinois. This procurement includes monthly on-peak and off-peak standard block forward products and combinations for Ameren Illinois Company (AIC) and ComEd. Additionally, capacity products are being procured for AIC for periods starting June 1, 2021 and June 1, 2022. The supply period for standard block forward products runs from June 1, 2020 to May 31, 2023.
Bidders must meet qualification requirements as members of PJM in good standing (either Affiliate or Voting Members) and/or Certified Market Participants in MISO. Participants are required to submit a bid participation fee and provide bid assurance in the form of a pre-bid letter of credit. The procurement is structured in two phases: Part 1 Proposal submissions are required by August 20, 2020 at 12:00 PM CDT, and Part 2 Proposal submissions are required by August 26, 2020 at 12:00 PM CDT.
Key dates include bidder information webcast on July 29, 2020, final targets announced on August 14, 2020, and digital signature instructions provided on August 11, 2020. The procurement follows the Block Energy and Capacity (BEC) RFP rules finalized on July 10, 2020.
Bid submission must be completed through the online application system. All bids are subject to approval by the Illinois Commerce Commission (ICC) before contract execution. Collateral requirements are based on mark-to-market methodology, with specific letter of credit terms and post-bid collateral arrangements detailed in the supplier agreements.
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Proposal Document
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