2023 RPS Renewable Energy Credits (RECs) RFP
The 2023 RFP seeks cost-competitive bids for renewable energy credits (RECs) that can be used to meet its customers’ needs, including state renewable portfolio standard (RPS) requirements under the applicable laws and regulations of California. As stated in its 2021 Integrated Resource Plan (IRP) and 2022 Off-Year IRP Supplement, PacifiCorp has identified the potential opportunity to procure RECs that can be used to satisfy its state RPS obligations.
PacifiCorp is seeking short- and long-term proposals (bids) from parties (Bidders) interested in providing firm RECs that qualify for compliance with the California RPS. The RECs must also be generated from a facility located in the WECC territory, and the facility must be registered in WREGIS and comply with WREGIS requirements. All proposals must meet the minimum size requirement of at least 10,000 RECs per calendar year. PacifiCorp is not setting a maximum size limit for proposals.
Bidder(s) should provide PacifiCorp a completed Bid Response Form (Appendix A), via email to contact below, by due date of Tuesday, February 28, 2023 at 5:00 p.m. Pacific Prevailing Time.
RFP-REC@pacificorp.com
CC: Marcie.Hundis@pacificorp.com
Questions and Answers: See a list of questions and answers for this RFP.
Schedule: The indicative schedule for the 2023 RPS RECs RFP, subject to change, is shown below.
| Milestone | Date | Day of Week |
|---|---|---|
| PacifiCorp issuance of RFP | February 1, 2023 | Wednesday |
| Questions due from interested Bidders | February 10, 2023 | Friday |
| RFP proposals due | February 28, 2023 | Tuesday |
| Evaluation completed. Bidders notified if they have been selected for negotiation of an Underlying Agreement | March 31, 2023 | Friday |
| Complete negotiations, obtain all approvals and execute an Underlying Agreement | April 28, 2023 | Friday |
PacifiCorp is not bound to accept any bids and may cancel this solicitation at any time and at its own discretion.