For Immediate Release
WASHINGTON, D.C. (October 3, 2018) – Pepco today issued a Request for Proposals (RFP) for wholesale electric power supplies to meet its Standard Offer Service obligation in the District of Columbia. Pepco provides market-based supply service to its electric customers who do not choose to receive service from competing retail suppliers.
The RFP is being issued as required by the Public Service Commission of the District of Columbia, which oversees Pepco's procurement and delivery of electricity under the Standard Offer Service provisions.
The RFP is the first step in a multi-phase bidding process that begins this month and concludes with the posting of retail rates on or before January 31, 2019. Suppliers will be bidding for supply service contracts to begin on June 1, 2019. Pepco is requesting proposals to supply a total of approximately 380 megawatts (MW). Peak load contributions by customer type include approximately 163 MW for residential customers, 12 MW for small commercial customers, and 205 MW for large commercial customers. The contracts awarded for the 163 MW in residential load and 12 MW in small commercial load are for three years and those for 205 MW in large commercial load will be for one year.
A pre-bid conference for prospective bidders will be held later this month. During the conference, Pepco will review the RFP structure and process, the bid plan, and the power supply contract that will be awarded to winning bidders.
Additional details regarding the RFP or the pre-bid conference can be found online at pepco.com. Information about the pre-bid conference will be added as it becomes available.
To learn more, readers are encouraged to visit The Source, Pepco's online news room. Find additional information about Pepco by visiting www.pepco.com. Follow us on Facebook at www.facebook.com/pepcoconnect and on Twitter at www.twitter.com/pepcoconnect. Our mobile app is available at www.pepco.com/mobileapp.
About Pepco: Pepco, a public utility owned by Exelon Corporation (NYSE: EXC), provides safe and reliable energy to more than 842,000 electric delivery customers in Maryland and the District of Columbia.