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From the Order:

“In accordance with Section 16-111.5(h) of the Illinois Public Utilities Act and ICC Orders, the following information is made public at the time of Commission approval of a procurement event under the Indexed REC Procurement: (i) the names of successful bidders; (ii) the average of the winning bid prices for each contract type and contract duration; (iii) the address and nameplate capacity of the new renewable energy generating facility; (iv) the annual quantity of RECs selected; and (v) the business address and contact information for each successful bidder. These are provided below. There were three winning projects in the Summer 2025 Indexed REC RFP that are proposed to be located at least 50% within an Energy Transition Community Grant Area.”

• Indexed REC RFP Results (August 7, 2025)
• ICC Public Notice of Indexed Renewable Energy Credit Procurement Results (August 7, 2025)

Previously, Part 2 bids were due August 1, 2025. 

Part 2 bidder training was held July 30, 2025. 

On July 30, 2025, the IPA guidelines supplier fee and contract execution process guidelines.   Per the guidelines: “[t]he Supplier Fee is $0.90 times the Annual Quantity of RECs bid for a Project (which is equivalent to about $0.045 per REC assessed on the anticipated quantity of RECs over the entire 20-year delivery term).”

Previously on July 25, 2025, the IPA announced initial index value for the new, optional one-time Strike Price Adjustment Mechanism Strike Price Adjustment Mechanism.

(Procurement of indexed RECs as part of the 2024 long-term renewable resources procurement plan, approved in ICC Docket No. 23-0714.)
IL Indexed Wind, Solar, Brownfield, and Hydropower REC Procurement