Request for Proposal for Hedging Advisory & Market Intelligence Services
LIPA seeks a qualified firm to provide independent hedging advisory and market intelligence services for its energy risk management program. Services include hedge monitoring, market analysis, benchmarking, and strategy support for natural gas, PJM, and NYISO markets. Proposals are due September 24, 2026, with a five-year contract term.
Categories
Important dates
-
Published
-
Questions due
Submit questions via Bonfire platform
-
Answers posted
LIPA will post responses to questions
-
Notices of Intent due
Send via email to Procurement1@lipower.org (not mandatory but encouraged)
-
Submission deadline
Deadline passed
AI overview
The Long Island Power Authority (LIPA) is issuing a Request for Proposals (RFP) for independent hedging advisory and market intelligence services to support its energy risk management program. LIPA serves Nassau and Suffolk Counties on Long Island, except for the municipally-served villages of Freeport, Rockville Centre, and Greenport, as well as the Rockaways in Queens. LIPA manages a portfolio of owned and contracted generation, load obligations, fuel supply, transmission rights, renewable resources, and financial and physical hedges. The selected firm will assist LIPA in oversight of its wholesale market activities and operations service providers, including The Energy Authority (TEA) and PSEG Long Island.
The scope of services includes hedge program advisory and monitoring, strategy review and analytics, market intelligence covering natural gas (Henry Hub, Transco Zone 6 New York basis) and power markets (PJM Western Hub, JCP&L zone, NYISO Zone A and other zones), research and customized reporting, benchmarking analysis at least semi-annually, and an annual program review. The provider must offer daily, weekly, monthly, and seasonal reports, material market alerts, strategy meetings, and customized briefings. Technology, data, and security requirements include a proposed portal or dashboard, secure data transfer, and data export capabilities in commonly usable formats.
Key dates include the issuance of the RFP on September 1, 2026, deadline for questions on September 8, 2026, answers posted by September 10, 2026, notices of intent due September 14, 2026, and proposals due September 24, 2026 at 3:00 PM EDT. Proposals must be submitted electronically via LIPA's Bonfire procurement platform at https://lipower.bonfirehub.com, with separate technical and price proposals. Required forms include MWBE and SDVOB utilization plans, a vendor responsibility questionnaire, and various certifications. The contract term is five years, with LIPA retaining the right to terminate at any time.
Proposals will be evaluated based on knowledge of LIPA's service territory and portfolio (25 points), qualifications and experience of the proposed team in NYISO, ISO-NE, and PJM markets (25 points), proposal quality (10 points), diversity and MWBE/SDVOB commitment (10 points), and cost (30 points). LIPA has set MWBE and SDVOB subcontracting goals at 0% for this solicitation. The contract award requires approval by LIPA's Board of Trustees and the New York State Office of the Comptroller. Proposer must hold their proposal open for 180 days.
Resources & contact
Proposal Document
View proposal documentUnlock Full Access to Utility Proposals
You're viewing past opportunities. Start a free trial to see active RFPs right now, filter by your utilities, and get real-time alerts — no credit card required.
Already have an account? Log in