HomeFebruary 8, 2017
Bids Submitted In FirstEnergy EDCs' RFP For Retail Suppliers To Serve Low-Income Customer Load
Copyright 2017 EnergyChoiceMatters.com.
The FirstEnergy EDCs' RFP to procure 100% of Percentage of Income Payment Plan (PIPP) customer load saw at least one bidder submit a conforming bid in the RFP process during the bid window February 6, 2017, and the RFP process would procure 100% of PIPP customer load contingent on PUCO approval of the results, according to an auction manager report.
PUCO is to address the RFP results at today's meeting
The RFP had sought to procure 100% of PIPP customer supplies for the period June 1, 2017 - May 31, 2018, with bidders limited to retail suppliers
A benchmark price (based on the auction prices for standard default service), which bidders had to beat, of $50.62 per MWh was established in the RFP
Further details concerning the RFP results were redacted.
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