Procurement Bidder Information Update

Materials from October 22, 2026 bidder information webcast made available here. (Audio and multiple documents at link.)

Next Steps
Proposed modifications to standard form of pre- and post-auction letters of credit and expressions of interest in alternative guaranty process both due by 12:00 p.m., noon, ET on October 27, 2026; Auction Manager responses to individual proposed letter of credit modifications scheduled for November 4, 2026; final credit instruments scheduled to be posted November 6, 2026.

Load caps, tranche sizes, and minimum and maximum starting prices to be announced on 11/13/26; final illustrative Part 2 application forms to be posted 11/19/26; BPU decision on auction proposal expected in 11/26.

As background, two-thirds of the state’s BGS requirements for residential and small commercial pricing (RSCP) customers has already been procured, and this proceeding is for the procurement of the remaining one-third of the BGS-RSCP requirements, as well as the BGS requirements for C&I energy pricing (CIEP) and Rockland’s non-PJM service area capacity needs.

The IOUs propose: (1) to conduct procurement through a statewide, multiple round descending clock auction that simultaneously seeks offers for all BGS load; (2) that the BGS-RSCP auction “will seek offers for the supply of full requirements tranches of each [IOU’s] BGS-RSCP Load for a three-year period”; and (3) that each IOU’s tranches in the 2027 BGS-RSCP Auction will be identical and uniform and will represent a fixed percentage of that [IOU’s] total BGS-RSCP Load.”

See also the BGS Auction Manager’s website.