Met-Ed and Penelec Default Service Program January ... - FirstEnergy

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PJM’s Perspective of SuppliersFrom PJM’s perspective, Met-Ed and Penelec Default Service Suppliers areElectric Generation Suppliers that are Load Serving EntitiesEach DayUnforced capacityobligationEach HourEnergy at zone busEach Company will transmit to PJM the Default ServiceSupplier Responsibility Share of each Supplier’s Peak LoadCapacity obligation which PJM will use to determine thatSupplier’s capacity obligationPJM will know each Company’s total zonal energy andeach Company will transmit to PJM the share of each EGSand each Default Service Supplier Responsibility ShareSuppliers will not be paired with customers. They will be serving apercentage of Default Service Supply for a Company and Class.Met-Ed and Penelec Default Service Program28
Supplier Role and Business OpportunityWholesale Sources include: Generation owners in PJM or in adjoiningregions, wholesale marketers, financial and OTC power and gas markets,PJM markets, weather derivatives marketsFixed Auction• Aggregate supply portfolio fromwholesale sources• Assess and price loadvariability, market pricevolatility and migration risk• Platform for participation infuture auctions• Provide price-risk managementservicesHourly Auction• Assess and price migration risk• Platform for participation in futureauctions• Ability to arbitrage day-ahead andreal-time marketsMet-Ed and Penelec Default Service Program29
Page 1 and 2: Met-Ed and PenelecDefault Service P
Page 3 and 4: Scope of Presentation• This Bidde
Page 5 and 6: Disclaimer• Any statements descri
Page 7 and 8: The Met-Ed and Penelec DefaultServi
Page 9 and 10: Two Different AuctionsFor Two Diffe
Page 11 and 12: Suppliers Get Benefit of Solar RFP
Page 13 and 14: Auction Web Site• Auction web sit
Page 15: Main Features1. A Fixed Auction and
Page 18 and 19: Auction Format is a Clock Auction
Page 20 and 21: Bids in Both Auctions Submitted On-
Page 22 and 23: Commission Has Approved the SMAs•
Page 24 and 25: Commission Will Consider AuctionRes
Page 26 and 27: Supplier’s Role and Standard Cont
Page 30 and 31: BB- Is the Minimum Rating• Securi
Page 32 and 33: Credit Provisions for Hourly Auctio
Page 34 and 35: Compliance with AEPS through AECs
Page 36 and 37: Supplier Risk Mitigation Features
Page 38 and 39: Descending Clock Auction Has FourMa
Page 40 and 41: What Is A Bid in Round 1?• A bid
Page 42 and 43: Changes in Round 2 Bidding• A bid
Page 44 and 45: Bidders Must Name an Exit Price Whe
Page 46 and 47: A Bidder Could Be Asked to Indicate
Page 48 and 49: Changes in Round 2 Reporting• Eac
Page 50 and 51: Free Eligibility• In any given ro
Page 52 and 53: Bids Are Submitted Online• Biddin
Page 54 and 55: To Be Technically Prepared• Biddi
Page 56 and 57: Proposal Submission ProcessMet-Ed a
Page 58 and 59: Key Dates17 Nov 2009Deadline for su
Page 60 and 61: Requirements for Part 2• A Suppli
Page 62: QUESTIONS???

Met-Ed and Penelec Default Service Program January ... - FirstEnergy

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