ComEd 2008

Frequently Asked Questions Questions submitted through this site are generally answered within two business days. A response will be sent directly to the questioner. If a question is not within the scope of the Procurement Administrator's role or expertise, the Procurement Administrator may, instead of providing an answer, refer the questioner to an alternative source of information. All questions and answers are posted to this site, unless the question and answer repeat information already provided on the FAQ page or generally do not provide additional information that may be relevant to prospective suppliers.

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FAQs are posted periodically, please check back often for updated postings.

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FAQ-142. If a bidder is bidding for 10 blocks of the June-May combination, does the bidder have to state that its Maximum Willingness to Supply is 10 in each month of that period as 10 or can it just indicate this in the maximum willingness to supply is 10 for the combination?

The maximum willingness to supply is a concept that applies to a particular month and segment. There is no maximum willingness to supply specifically for a combination and there are no entries available on the Bid Form for this purpose. You provide the maximum willingness to supply for all bids, including combination bids, in the maximum willingness to supply for the individual months and segments. For example, assume you entered five bids for July on-peak, five bids for the July/August on-peak combination and 4 bids for the June to May on-peak combination. If you were willing to win and supply all these bids you would need to put the number 14 as the maximum willingness to supply for July on-peak. If you were to put in a lower number, say 10, you would be limited to winning 10 of those 14 bids as you could not be assigned a July supply responsibility greater than your maximum willingness to supply of 10 blocks. In developing your maximum willingness to supply we suggest that you add together the number of bids for each month and segment, the number of bids for each combination containing this month and segment (including the June to May annual combination). If you are willing to supply all bids you have made, this is the number to enter as your maximum willingness to supply for the month. If you are only to supply a lower total amount of blocks for the month, you would enter a lower amount.

3/4/2008, in Standard Products RFP.

FAQ-141. If a bidder bids the on-peak June-May combination, is the bidder charged 12 times the on-peak supplier fee?

If you win the on-peak June-May combination, you are charged 12 times the on-peak supplier fee to supply this combination.

3/4/2008, in Standard Products RFP.

FAQ-140. How is the Supplier Fee implemented on combination blocks?

The supplier fee applies to each block for each month and each segment. That is, it applies to each block of on-peak and/or off-peak power that you will supply for each month, whether the monthly block is won as a result of a monthly bid or as a result of a combination bid. Hence if you bid and win for only one block of the Q4 combination of on-peak power, you will be assessed a supplier fee for an on-peak block for October, a supplier fee for an on-peak block for November, and a supplier fee for an on-peak block for December. The Supplier Fee Confirmation would show a total due of 3 times the supplier fee for an on peak block if you bid and won only for one block of a Q4 on peak combination.

3/4/2008, in Standard Products RFP.

FAQ-139. When will the winning bidders be notified?

Please see page 40 of the February 15, 2008 Bidder Information Session presentation, available here. The intent is that notification that a bid has been evaluated will be given by 6 pm CPT on March 5, 2008 and notification as to whether a bid is being recommended for acceptance will be given by noon CPT on March 6, 2008. Bids are submitted on March 5, 2008. Notices will be provided as soon as possible and may come before these times. The ICC will receive reports from the Procurement Administrator and Procurement Monitor on March 7, 2008 and will render a decision on March 11, 2008. You will be notified on March 11, 2008 as soon as practical after the decision has been rendered as to the final disposition of your Bids.

3/4/2008, in Standard Products RFP.

FAQ-138. What is the Supplier Fee due to ComEd on Jun 20, 2008?

The amount of the Supplier Fee depends upon the number of monthly on-peak and off-peak blocks for which your bids are accepted by the ICC. The Supplier Fee per block will be different for an on-peak block and for an off-peak block. The Supplier Fees will be communicated to RFP Bidders by 6 PM on March 4, 2008. The estimates provided at the Bidder Information session were of $600 for each monthly on-peak block and $375 for each monthly off-peak block.

3/4/2008, in Standard Products RFP.

FAQ-137. Where can ComEd customers inquire about rate changes?

Customers may contact ComEd as noted below. Please have your customer account number handy to expedite the process.

Residential customers may contact ComEd at: 1-800-Edison-1 (1-800-334-7661)
https://www.exeloncorp.com/ComEd/logiccode/residential/ComEd_ContactUs.asp

Small Commercial and Industrial customers may call: 877-426-6331

Alternately, customers may write to ComEd at:
ComEd Customer Care Center
P.O. Box 805379
Chicago, IL 60680-5379

You may also consult: http://www.exeloncorp.com/ourcompanies/comed/

3/4/2008, in Standard Products RFP.

FAQ-136. When will the new standard rate schedule that will be in place by June 1st 2008 for ComEd commercial customers be provided?

The posted schedule shows that rates that are to take effect on June 1, 2008 will be filed with the ICC on March 13, 2008. It is ComEd's intention to post the rates on its Web site as soon as the filing has been accepted by the ICC. Generally, such postings occur within one business day of a filing. Thus we estimate that the rates will be available on the ComEd website by March 14, 2008.

3/4/2008, in Standard Products RFP.

FAQ-135. What is the current cost per kwh that ComEd would pay from a renewable project containing generators?

ComEd is issuing a REC RFP. There is no pre-set maximum price for a REC. Competition in the RFP will determine the prices paid and these prices will be subject to a decision from the ICC on whether to approve or reject the results. Complete documentation on the REC RFP will be posted on February 29, 2008. There will be a REC Bidder Information Session on March 28, 2008. You are encouraged to attend. While all RECs ultimately are sourced to a generation facility, there is no special provision for renewable projects containing generators.

2/29/2008, in Renewables RFP.

FAQ-134. In the Standard Products Bidder Information Session presentation, dated February 15, and available here, on page 30, there is a Bid Evaluation Example. In the second bullet point it reflects that Bidder A is paid $47.67/MWh for the month of February which is determined by averaging the February product bid of $51.00, the January/February combination bid of $47.00 and the January through March of $45.00. In this example is Bidder A selected for January, February and March or only for the month of February?

In the example, the bidder is selected for one block of February, one block of the January/February combination, and one block of the annual combination, which is represented in the example by January-March. Hence, the bidder wins three blocks to be delivered in February and the price paid for February is an average of the three prices. The bidder would receive a confirmation for February for 3 blocks at a weighted average price of $47.67/MWh. The bidder would also receive confirmations for January and March. The January confirmation would be for 2 blocks at $46/MWh and the March confirmation would be for one block at $45/MWh.

2/29/2008, in Standard Products RFP.

FAQ-133. Are winning RFP Bidders paid the lowest average price per product as calculated across all winning bidders for a product? Is it possible that a winning RFP Bidder could be paid less than their bid price for a specific product?

Winning RFP Bidders will be paid a unique price for each month and each segment, and this price for an RFP Bidder is based on only that RFP Bidder's awarded bids.

If an RFP Bidder wins one July on-peak block at $56/MWh, one July/August on-peak combination block at $56/MWh, and one July on-peak block at $50/MWh, the RFP Bidder would receive two confirmations. One would be for July on-peak and would indicate three blocks at a weighted average price of $54/MWh. This weighted average would be based on the bidder’s $56/MWh July on-peak bid, the bidder’s $56/MWh on-peak July/August bid and the RFP bidder $50/MWh on-peak July bid. The other confirmation would be for one August on-peak block at a price of $56/MWh.

To clarify how the average price is calculated: First, the price an RFP Bidder is paid considers only that RFP Bidder’s bids and not any bids from another RFP Bidder or any clearing or lowest price. Second, for a given segment and a given month, an RFP Bidder will be paid an average price of all of that RFP Bidder’s accepted bids. Third, the transaction will be converted to a single quantity for each on- and off-peak Segment and for each month and the weighted average will be based on all of an RFP Bidder’s accepted bids for that Segment for that month, including bids that are part of a combination bid. An RFP Bidder can never be paid less than the average of accepted bids.

Of course, if an RFP Bidder bids different prices on different blocks, the confirmation and transaction can show the RFP Bidder being paid more than some of the RFP Bidder’s bids and less than other bids. For example, if an RFP Bidder wins one May off-peak block at $36/MWh (one bid) and one May off-peak block at $34/MWh (a second bid) then the RFP Bidder will have a transaction for 2 blocks at $35/MWh. The RFP Bidder will be paid an average bid of $35/MWh, but will have a confirmation that shows a higher price relative to one bid ($34/MWh) and a lower price relative to another ($36/MWh).

2/29/2008, in Standard Products RFP.


CURRENT PROCUREMENT Home Documents & Data Announcements Calendar FAQs Renewables Links	Frequently Asked Questions Questions submitted through this site are generally answered within two business days. A response will be sent directly to the questioner. If a question is not within the scope of the Procurement Administrator's role or expertise, the Procurement Administrator may, instead of providing an answer, refer the questioner to an alternative source of information. All questions and answers are posted to this site, unless the question and answer repeat information already provided on the FAQ page or generally do not provide additional information that may be relevant to prospective suppliers. Do you have a question? Please click here. FAQs are posted periodically, please check back often for updated postings. Go to page: Previous 1(newest) 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24(oldest) Next FAQ-142. If a bidder is bidding for 10 blocks of the June-May combination, does the bidder have to state that its Maximum Willingness to Supply is 10 in each month of that period as 10 or can it just indicate this in the maximum willingness to supply is 10 for the combination? The maximum willingness to supply is a concept that applies to a particular month and segment. There is no maximum willingness to supply specifically for a combination and there are no entries available on the Bid Form for this purpose. You provide the maximum willingness to supply for all bids, including combination bids, in the maximum willingness to supply for the individual months and segments. For example, assume you entered five bids for July on-peak, five bids for the July/August on-peak combination and 4 bids for the June to May on-peak combination. If you were willing to win and supply all these bids you would need to put the number 14 as the maximum willingness to supply for July on-peak. If you were to put in a lower number, say 10, you would be limited to winning 10 of those 14 bids as you could not be assigned a July supply responsibility greater than your maximum willingness to supply of 10 blocks. In developing your maximum willingness to supply we suggest that you add together the number of bids for each month and segment, the number of bids for each combination containing this month and segment (including the June to May annual combination). If you are willing to supply all bids you have made, this is the number to enter as your maximum willingness to supply for the month. If you are only to supply a lower total amount of blocks for the month, you would enter a lower amount. 3/4/2008, in Standard Products RFP. Back to Top FAQ-141. If a bidder bids the on-peak June-May combination, is the bidder charged 12 times the on-peak supplier fee? If you win the on-peak June-May combination, you are charged 12 times the on-peak supplier fee to supply this combination. 3/4/2008, in Standard Products RFP. FAQ-140. How is the Supplier Fee implemented on combination blocks? The supplier fee applies to each block for each month and each segment. That is, it applies to each block of on-peak and/or off-peak power that you will supply for each month, whether the monthly block is won as a result of a monthly bid or as a result of a combination bid. Hence if you bid and win for only one block of the Q4 combination of on-peak power, you will be assessed a supplier fee for an on-peak block for October, a supplier fee for an on-peak block for November, and a supplier fee for an on-peak block for December. The Supplier Fee Confirmation would show a total due of 3 times the supplier fee for an on peak block if you bid and won only for one block of a Q4 on peak combination. 3/4/2008, in Standard Products RFP. FAQ-139. When will the winning bidders be notified? Please see page 40 of the February 15, 2008 Bidder Information Session presentation, available here. The intent is that notification that a bid has been evaluated will be given by 6 pm CPT on March 5, 2008 and notification as to whether a bid is being recommended for acceptance will be given by noon CPT on March 6, 2008. Bids are submitted on March 5, 2008. Notices will be provided as soon as possible and may come before these times. The ICC will receive reports from the Procurement Administrator and Procurement Monitor on March 7, 2008 and will render a decision on March 11, 2008. You will be notified on March 11, 2008 as soon as practical after the decision has been rendered as to the final disposition of your Bids. 3/4/2008, in Standard Products RFP. FAQ-138. What is the Supplier Fee due to ComEd on Jun 20, 2008? The amount of the Supplier Fee depends upon the number of monthly on-peak and off-peak blocks for which your bids are accepted by the ICC. The Supplier Fee per block will be different for an on-peak block and for an off-peak block. The Supplier Fees will be communicated to RFP Bidders by 6 PM on March 4, 2008. The estimates provided at the Bidder Information session were of $600 for each monthly on-peak block and $375 for each monthly off-peak block. 3/4/2008, in Standard Products RFP. Back to Top FAQ-137. Where can ComEd customers inquire about rate changes? Customers may contact ComEd as noted below. Please have your customer account number handy to expedite the process. Residential customers may contact ComEd at: 1-800-Edison-1 (1-800-334-7661) https://www.exeloncorp.com/ComEd/logiccode/residential/ComEd_ContactUs.asp Small Commercial and Industrial customers may call: 877-426-6331 Alternately, customers may write to ComEd at: ComEd Customer Care Center P.O. Box 805379 Chicago, IL 60680-5379 You may also consult: http://www.exeloncorp.com/ourcompanies/comed/ 3/4/2008, in Standard Products RFP. FAQ-136. When will the new standard rate schedule that will be in place by June 1st 2008 for ComEd commercial customers be provided? The posted schedule shows that rates that are to take effect on June 1, 2008 will be filed with the ICC on March 13, 2008. It is ComEd's intention to post the rates on its Web site as soon as the filing has been accepted by the ICC. Generally, such postings occur within one business day of a filing. Thus we estimate that the rates will be available on the ComEd website by March 14, 2008. 3/4/2008, in Standard Products RFP. FAQ-135. What is the current cost per kwh that ComEd would pay from a renewable project containing generators? ComEd is issuing a REC RFP. There is no pre-set maximum price for a REC. Competition in the RFP will determine the prices paid and these prices will be subject to a decision from the ICC on whether to approve or reject the results. Complete documentation on the REC RFP will be posted on February 29, 2008. There will be a REC Bidder Information Session on March 28, 2008. You are encouraged to attend. While all RECs ultimately are sourced to a generation facility, there is no special provision for renewable projects containing generators. 2/29/2008, in Renewables RFP. FAQ-134. In the Standard Products Bidder Information Session presentation, dated February 15, and available here, on page 30, there is a Bid Evaluation Example. In the second bullet point it reflects that Bidder A is paid $47.67/MWh for the month of February which is determined by averaging the February product bid of $51.00, the January/February combination bid of $47.00 and the January through March of $45.00. In this example is Bidder A selected for January, February and March or only for the month of February? In the example, the bidder is selected for one block of February, one block of the January/February combination, and one block of the annual combination, which is represented in the example by January-March. Hence, the bidder wins three blocks to be delivered in February and the price paid for February is an average of the three prices. The bidder would receive a confirmation for February for 3 blocks at a weighted average price of $47.67/MWh. The bidder would also receive confirmations for January and March. The January confirmation would be for 2 blocks at $46/MWh and the March confirmation would be for one block at $45/MWh. 2/29/2008, in Standard Products RFP. Back to Top FAQ-133. Are winning RFP Bidders paid the lowest average price per product as calculated across all winning bidders for a product? Is it possible that a winning RFP Bidder could be paid less than their bid price for a specific product? Winning RFP Bidders will be paid a unique price for each month and each segment, and this price for an RFP Bidder is based on only that RFP Bidder's awarded bids. If an RFP Bidder wins one July on-peak block at $56/MWh, one July/August on-peak combination block at $56/MWh, and one July on-peak block at $50/MWh, the RFP Bidder would receive two confirmations. One would be for July on-peak and would indicate three blocks at a weighted average price of $54/MWh. This weighted average would be based on the bidder’s $56/MWh July on-peak bid, the bidder’s $56/MWh on-peak July/August bid and the RFP bidder $50/MWh on-peak July bid. The other confirmation would be for one August on-peak block at a price of $56/MWh. To clarify how the average price is calculated: First, the price an RFP Bidder is paid considers only that RFP Bidder’s bids and not any bids from another RFP Bidder or any clearing or lowest price. Second, for a given segment and a given month, an RFP Bidder will be paid an average price of all of that RFP Bidder’s accepted bids. Third, the transaction will be converted to a single quantity for each on- and off-peak Segment and for each month and the weighted average will be based on all of an RFP Bidder’s accepted bids for that Segment for that month, including bids that are part of a combination bid. An RFP Bidder can never be paid less than the average of accepted bids. Of course, if an RFP Bidder bids different prices on different blocks, the confirmation and transaction can show the RFP Bidder being paid more than some of the RFP Bidder’s bids and less than other bids. For example, if an RFP Bidder wins one May off-peak block at $36/MWh (one bid) and one May off-peak block at $34/MWh (a second bid) then the RFP Bidder will have a transaction for 2 blocks at $35/MWh. The RFP Bidder will be paid an average bid of $35/MWh, but will have a confirmation that shows a higher price relative to one bid ($34/MWh) and a lower price relative to another ($36/MWh). 2/29/2008, in Standard Products RFP.
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