Illinois Agency Files Default Service Procurement Plan

The Illinois Power Agency has filed its 2020 default service procurement plan for Commonwealth Edison and Ameren

Generally, the plan proposes to continue using the risk management and procurement strategy that the IPA has historically utilized: hedging load by procuring on and off-peak blocks of forward energy in a three-year laddered approach

The energy block procurements, and amount hedged, would be as follows:

The above table shows the cumulative percentage of load to be hedged by the conclusion of the indicated procurement events.

Additionally, for Ameren Illinois, for the 2021-2022 Delivery Year, the IPA recommends continuing the strategy of procuring up to 50% of its forecasted capacity requirements in bilateral transactions and the remaining balance through the MISO Planning Resource Auction (PRA). For the 2022-2023 Delivery Year, the IPA recommends procuring up to 25% of its forecasted capacity requirements in bilateral transactions in 2020, with the balance of forecast capacity requirement to be determined in the 2021 Electricity Procurement Plan.

The Ameren capacity procurements would be as follows:

For ComEd, consistent with the strategy adopted in prior plans, the IPA proposes that forecasted capacity requirements be secured by ComEd through the PJM Reliability Pricing Model process. Consistent with the approach taken in the 2019 Plan, the IPA recommends that MidAmerican’s forecasted capacity deficit be secured by MidAmerican through the annual MISO PRA.

In addition to the various proposals above, the IPA recommends that ancillary services, load balancing services, and transmission services be purchased by Ameren Illinois and MidAmerican from the MISO marketplace and by ComEd from the PJM markets.

A summary of all the procurement events -- schedules and products & quantities procured -- is below: