PECO Issues RFP to Select Retail Supplier to Offer Dynamic Pricing Plan

PECO has issued an RFP to select an electric generation supplier to offer PECO's dynamic pricing program for generation supply, which is required under Act 129.

Responses to PECO's RFP are due on February 15, and PECO plans to complete its vendor selection process by March 1.

PECO plans to file a petition for expedited approval of its vendor selection on March 8 and will request approval by the PUC of its vendor selection by April 6 so that PECO will be able to maximize its Smart Grid Stimulus Grant funding.

PECO sought to rely on a retail supplier for the dynamic pricing program due to the PUC's direction in the Commission's retail market investigation. "If the EGSs do not express further interest in partnering with PECO to offer dynamic rates to customers, PECO will notify the Commission and seek expedited approval to implement its program under the originally approved approach, with certain modifications," PECO said.