FirstEnergy Corp. has issued an RFP to buy Ohio-compliant renewable vitality credit (RECs) for its Ohio subsidiaries – Ohio Edison, The Illuminating Firm and Toledo Edison. The purchases will assist meet the businesses’ 2023 renewable vitality targets established underneath Ohio’s various vitality legislation.
RECs sought on this RFP should be:
- Eligible for compliance with the businesses’ 2023 renewable vitality obligations;
- Sourced from producing amenities licensed in accordance with guidelines and procedures put forth by the Public Utilities Fee of Ohio (PUCO);
- Deliverable by means of PJM Environmental Data System Technology Attribute Monitoring System (EIS GATS) and generated between Jan. 1, 2021, and Dec. 31, 2023.
The businesses plan to buy 570,000 RECs, which may embody photo voltaic renewable vitality credit. One REC represents the environmental attributes of 1 MWh of technology from a PUCO-qualified renewable producing facility. The price of the RECs is recovered from the utility’s commonplace service supply prospects by means of a month-to-month cost filed quarterly with the PUCO.
No vitality or capability will probably be bought underneath the RFP. The variety of particular person bidders will not be restricted. Members within the RFP should meet and keep particular credit score and safety {qualifications} and should be capable of show their REC producing amenities are licensed or within the means of turning into licensed by the PUCO.
The RFP is a aggressive course of managed by CRA Worldwide Inc. Primarily based on the RFP outcomes, the Ohio utilities will enter into settlement(s) with successful suppliers to buy the mandatory portions of RECs.
To take part within the RFP, potential bidders are inspired to submit credit score functions by Nov. 17, and proposals are due Nov. 28.
