FirstEnergy Corp. says it plans to issue a request for proposal (RFP) to purchase both in-state and all-state solar renewable energy credits (SRECs) and renewable energy credits (RECs) for its Ohio utilities – Ohio Edison, Cleveland Electric Illuminating and Toledo Edison. The energy company says the plan is intended to help it meet this year's renewable energy targets established under Ohio's alternative energy law.
FirstEnergy says SRECs and RECs sought in this RFP must be produced by renewable generating facilities that are either certified by the Public Utilities Commission of Ohio (PUCO) or are in the process of being certified by the PUCO. The SRECs and RECs must come from the period between January 1, 2011, and December 31, 2013.Â
The following amounts and locations are being sought:
- 100 SRECs generated in Ohio;
- 6,500 SRECs generated in Ohio or states contiguous to Ohio;
- 120,000 RECs generated in Ohio; and
- 145,000 RECs generated in Ohio or states contiguous to Ohio.
Navigant Consulting Inc. will administer the RFP as a competitive process. Based on the RFP results, the Ohio utilities will enter into agreements with winning suppliers to purchase the necessary quantities of SRECs and RECs.
According to FirstEnergy, no energy or capacity will be purchased under the RFP. The number of individual bidders is not limited. Participants in the RFP must meet and maintain specific credit and security qualifications, and must be able to prove their SREC or REC generating facilities are certified or in the process of becoming certified by the PUCO.
To participate in the RFP, potential bidders are encouraged to submit credit applications by Oct. 8, 2013, and proposals are due Oct. 14, 2013, by 3 p.m.
FirstEnergy's website to provide bidders with a central source of documents, data and other information for the RFP process can be accessed here.