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

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Changes in Round 2 Bidding• A bidder will be able to:• Keep the number of tranches bid for each product thesame as in round 1• Withdraw some tranches from the Auction• Switch: Reduce tranches bid on one product andincrease tranches bid on another product• Withdraw and switchIf the price for a product has not ticked down, abidder cannot reduce the number of tranches bidfor that productMet-Ed and Penelec Default Service Program42
What Are The Rules In Round 2?• The total number of tranches bid on all products combinedcannot exceed eligibility in round 2 (number of tranchesbid in round 1)• The number of tranches bid on any one product cannotexceed the load cap for that productMet-Ed and Penelec Default Service Program43
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 40 and 41: What Is A Bid in Round 1?• 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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