§ 69.2903. RFPs to establish SREC values recoverable as a reasonable expense.
(a) SREC procurement from large-scale solar projects. The Commission encourages EDCs to issue RFPs for large-scale solar projects whose SREC output will be used to meet EDC obligations under the AEPS Act. RFPs should provide for a fair, transparent and open competitive bidding process. Standardized RFP documents developed by the stakeholder working group should be utilized. The Commission will review and either approve or reject bids submitted in response to the RFPs within a reasonable period of time.
(b) SREC procurement from small-scale solar projects. EDCs are encouraged to procure SRECs from small-scale solar projects through competitively bid RFP processes and bilateral contracts.
(1) When an RFP process is used, EDCs should adhere to the same standards in use for large-scale solar project RFPs. The Commission will review and evaluate bids for small-scale solar RFPs within a reasonable period of time.
(2) EDCs may enter into bilateral contracts for SRECs from small solar projects subject to the following conditions:
(i) The price negotiated for SRECs should not exceed the Commission-approved average winning bid price in the EDCs most recent RFP for large-scale solar projects.
(ii) When an EDC has not utilized an RFP for a large-scale project, the price negotiated for SRECs should not exceed the Commission-approved average winning bid price from the most recent large-scale solar RFP by another EDC in this Commonwealth, as reported on the Commissions AEPS Credit Administrators web site under subparagraph (iii).
(iii) The amount of small-scale solar project SRECs yet to be procured by the EDC, and the EDCs historic and current average SREC market prices from each of the EDCs large solar project procurements should be listed on the Commissions AEPS Credit Administrators web site, as well as the EDCs web site, and updated at least monthly.
(iv) The bilateral contract approach should be used to support the development of small-scale solar projects located in this Commonwealth.
(c) EDC cost recovery. The cost of SRECs acquired through procurement approaches referred to in subsections (a) and (b) may be recovered consistent with the AEPS Act and other applicable law.
The provisions of this § 69.2903 adopted October 22, 2010, effective October 23, 2010, 40 Pa.B. 6157.
This section cited in 52 Pa. Code § 69.2901 (relating to purpose); and 52 Pa. Code § 69.2902 (relating to definitions).
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