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Renewable Energy Credits RFP Products Overview
For the planning year June 1, 2010, through May 31, 2011, the IPA Act requires that RECs equivalent to 5% of the Ameren Illinois Utilities’ eligible retail customer load for June 1, 2008 through May 31, 2009 be acquired through this RFP. Eligible retail customers include those residential and non-residential customers with peak demands less than 400 kW who acquire power and energy under fixed price tariffs. Based on the IPA’s Procurement Plan projection of the electricity consumption of the eligible customers of 17,217,197 MWh for the period June 1, 2008 through May 31, 2009 and the 5% minimum RPS requirement, the target quantity to be procured is 860,860 RECs. Each REC represents the environmental attribute corresponding to one megawatt-hour (1 MWh) of energy produced from renewable energy resources that qualify under the IPA Act.
The IPA Act further requires that, to the extent available, a minimum of 75% of the RECs must be derived from qualified wind resources. Therefore, a minimum of 645,645 RECs must be from qualified wind resources, if available. Notwithstanding these goals, lesser quantities than the quantities stated above may be purchased if the RECs are deemed to be not "cost effective" in accordance with the IPA Act. (Section 1-75(c)(1) - (2).) The amount of renewable purchases shall be limited such that the estimated average net increase due to the cost of the RECs included in the amounts paid by eligible retail customers is the greater of an additional 0.5% of the amount paid for electric service by those customers during the year ending May 31, 2008, or 1.5% of the amount paid per kWh by those customers during the year ending May 31, 2007. The Renewable Energy Resource Budget ("RRB") for the 2010-2011 delivery period for the Ameren Illinois Utilities is therefore $24.7 million. REC purchases that cause this budget to be exceeded are deemed to be not "cost effective." Documents
Additional documents can be found on the Procurement Information page.
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