Utility Files Draft RFP To Solicit Long-Term Contracts For Portion Of SOS Load

Pepco has filed with the District of Columbia PSC a draft RFP to solicit long-term contracts for renewable energy and attributes to serve 5% of SOS load

The D.C. PSC recently approved the use of renewable energy long-term contracts for 5% of SOS load under the "95/5 Model", under which only SOS customers will pay for the long-term PPA. See our prior story for background

Under the draft RFP, Pepco would solicit proposals for long-term renewable energy and associated environmental attributes from photovoltaic solar and/or wind utility-scale power generating facilities located within the PJM Interconnection region. Environmental attributes include Renewable Energy Credits and any and all other federal, regional, state and other credits, certificates, benefits, emission reductions, offsets and allowances that are attributable, now or in the future, to the facility or the energy produced by the Facility.

Under the draft, Pepco is seeking energy and environmental attributes on commercially reasonable terms from one or more wind or solar facilities for an annual target amount of 154,000 MWh. The targeted MWh amount equates roughly to a 50 MW wind facility or a 70 MW solar facility. Additionally, solar facilities proposed in response to this RFP must be at least 20 MW in size.

Bidders may propose a term of agreement that is fifteen (15) years or twenty (20) years.

Proposals are limited to new wind energy facilities and/or new photovoltaic solar energy facilities

Proposals may pair new wind and/or solar generation with energy storage systems

Service under the contract would commence on June 1, 2024

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