Regulation .01 Procurement by Investor-Owned Utilities.
Regulation .01 Procurement by Investor-Owned Utilities.LinkCopy Citation
A.
Except for HPS or under Regulation .02D and E of this chapter, a utility shall procure the electricity needed to provide service under this subtitle during the service periods stated in COMAR 20.52.02 only through a competitive wholesale bidding process approved by the Commission.
B.
Model Request for Proposals and Utility Bid Plan.
(1)
A utility shall base the competitive bidding process required by this regulation on the model request for proposals and a utility bid plan approved by the Commission.
(2)
The model request for proposals shall include a provision designed to eliminate a bid proposal for residential standard offer service that contains a price anomaly.
(3)
The model request for proposals may be altered by a utility bid plan only if it is necessary to conform to utility specific conditions.
(4)
Utility Bid Plan.
(a)
A utility bid plan shall include:
(i)
A bidding schedule;
(ii)
A description of the power supply blocks on which potential suppliers shall bid;
(iii)
Bid price formats;
(iv)
The time period during which the power will need to be supplied for each power supply block;
(v)
Bid submission instructions and format; and
(vi)
Bid evaluation criteria.
(b)
A utility may include in its bid plan reasonable credit requirements, cash collateral, or other assurance of the bidder's ability to perform, as approved by the Commission.