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

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A Bidder Could Be Asked to IndicateWhich Tranche is WithdrawingExitFixed AuctionProduct Met-R Met-C Pen-R Pen-CPrice Round 1 95.00 95.00 92.50 97.50Bid Round 1 3 3 2 1Price Round 2 91.73 92.02 92.02 96.09Bid Round 2 2 1 3 1Exit Price 93.73• When a bidder decreases the number of tranches bid on morethan one product but switches only part of them, the bidderwill be asked to designate which tranche is being withdrawn• The bidder can name an exit price for the withdrawn trancheMet-Ed and Penelec Default Service Program46
Changes in Round 2 CalculatingPhase• A bidder can request a switch or a withdrawal – but itmay not be granted if necessary to fill the tranche targets• The Independent Evaluator fills tranche target in thisorder:• first with tranches bid at the going price• then by retaining exits (if necessary to fill the target)• then by denying switches (if still necessary)Met-Ed and Penelec Default Service Program47
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 42 and 43: Changes in Round 2 Bidding• A bid
Page 44 and 45: Bidders Must Name an Exit Price Whe
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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