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

More documents

Recommendations

Info

What Is A Bid in Round 1?• A bid is a number of tranches for each product at thegoing pricesFixed-Auction Bids at Round 1 PricesMET-R MET-C PEN-R PEN-C3 3 2 1Hourly AuctionMET-LI PEN-LI7 7• Two rules: the total number of tranches bid on all productscannot exceed bidder’s initial eligibility the number of tranches bid on a product cannotexceed the load capMet-Ed and Penelec Default Service Program40
Round 1 ReportBidder sees for each Auction:• Range of total excess supply Total excess supply is the sumof excess supply for allproducts Range provided includes actualtotal excess supply Five-tranche range at start ofAuction• The round 2 prices• The bidder’s own bidHourly AuctionRound 1Total Excess Supply: 55-60ProductRound 2 Price($/MWh)Met-LI 25.25Pen-LI 26.75Bidder has no information aboutothers’ bids, identities or eligibilitiesMet-Ed and Penelec Default Service Program41
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 28 and 29: PJM’s Perspective of SuppliersFro
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 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

Create successful ePaper yourself

Delete template?

Save as template?