No more than 37.5% of the tranches available for the Residential & Lighting and Small C&I procurement classes can be awarded to any single supplier in any 12 month RFP and no more than 12.5% in any 24 month RFP. Duquesne Light proposed these load caps in these classes to ensure a diversity of default service suppliers and to reduce the impact of any single supplier‘s default. There is no load cap for the Medium C&I and Large C&I procurement class.
A full requirements contract requires a supplier to provide energy, capacity, ancillary services, and any other services or products necessary to serve a specified percentage of default service load 24 hours a day, for the term of the contract. Because the contract is load-following, the amount of energy and other services and products a supplier must provide will vary depending upon Duquesne Light‘s actual default service load.
An important clarification is that the entity that submits a bid must be the same legal entity that will both sign the SMA and serve the load in PJM. This will ensure that the bidder is qualified to serve load in PJM and is responsible for all legal obligations under the SMA as a wholesale supplier of default service load.
PJM Residual Metered Load Pricing went into effect June 1, 2015. The Residual Metered Load aggregate represents all load buses in the fully metered EDC territory, minus all load that has been designated to be priced at a specific non-zonal (or nodal) location. Effective June 1, 2015, the non-nodal Real Time Load switched to the use of the Residual Metered Load aggregate LMP rather than the physical zone LMP.
Load contracts priced at the Duquesne Zone has changed to the following:
||Residual Metered Load Aggregate Equivalent Contract Term
PJM has implemented a change to the PJM Meter Correction billing with Duquesne Light since the previous auction. Winning suppliers of the default supply auctions going forward will be invoiced directly from PJM for any residual PJM charges/credits that result from meter corrections through their monthly PJM billing.