FirstEnergy Corp., an Ohio-based electricity company, is launching a Call for Proposals (RFP) to purchase 137,000 Solar Photovoltaic Credits (SPAECs) per year over a period of two years on behalf of three FirstEnergy Pennsylvania utilities – Pennsylvania Power Co. (Penn Power), Pennsylvania Electric Co. (Penelec), and Metropolitan Edison Co. (Met-Ed).
The RFP process is run by The Brattle Group and takes place in January and February. Qualified applications are due by February 9th and bids by March 3rd. Bidders in this RFP may offer the sale of SPAEC tranches, with each tranche representing a commitment to sell 500 SPAECs annually over a two-year period, with deliveries beginning that year. Based on the RFP results, FirstEnergy's Pennsylvania utilities will enter into separate agreements with the winning suppliers to purchase the required quantities of SPAECs.
Click here for more information on FirstEnergy's recently issued RFP.