LRECs, Large/Medium ZRECs
On an annual basis, Eversource and United Illuminating will issue a Request for Proposal (RFP) to solicit competitive bids for the purchase of Renewable Energy Credits (RECs).
RECs must be produced from qualifying projects in the following categories:
- LREC projects up to 2,000 kW
- ZREC projects in the medium size category, which is >100 kW and <250 kW
- ZREC projects in the large size category, which is for projects ≥250 kW and ≤1000 kW.
Bidders may submit bids subject to a price cap (to be determined during each solicitation) for LRECs, Medium and Large ZRECs. If Eversource selects a bid from a project, the bidder will have the opportunity to enter into a 15-year contract to sell its RECs to Eversource (the buyer) at the fixed price of their bid.
Previous RFP Results
||Final Procurement Plans & Contracts Approved By PURA
|| May 1, 2012
|| Feb. 1, 2013
||April 25, 2013
||Jan. 16, 2014
||April 24, 2014
||Jan. 14, 2015
||April 30, 2015
||April 1, 2016
||April 28, 2016
||February 28, 2017
||April 27, 2017
||September 11, 2017
||September 25, 2017
||May 14, 2017
||August 9, 2018
||April 30, 2019
More detailed information regarding previous LREC/ZREC RFP results is also available.
Year 1 Detailed Results:
Year 2 Detailed Results:
Year 3 Detailed Results:
Year 4 Detailed Results:
Year 5 Detailed Results:
Year 6 Detailed Results
Year 7 Detailed Results
Copies of the specific contracts associated with these RFP’s are on file with the Public Utilities Regulatory Authority (PURA). Although a regulated utility, Eversource is not subject to the Freedom of Information Act ("FOIA"). FOIA requests should be directed to PURA. For your convenience, click here to access the PURA website.
Year 8 RFP
The following schedule is applicable to the Year 8 LREC/ZREC RFP.
|Release of RFP
||April 30, 2019
|Bidder's Conference (Webinar Only)
||May 13, 2019
|Deadline for Submission of Questions
||May 15, 2019
|Bid Forms Due
||June 12, 2019 by 1 p.m. Eastern Prevailing Time (EPT), at which time the pricing shall become firm, irrevocable and binding.
|Selection & Notification of Winning Bidders
||On or about July 10, 2019.
|Standard Contracts Execution
||After Selection & Notification of Winning Bidders. Bidders will have to return partially executed contracts by the day establish by the companies, which is expected to be approximately 10 business days.
|Standard Contract(s) Filed with PURA
||Following selection of winning bidder(s) and execution of standard contracts during each round.
|Commencement of Service
||In accordance with standard contracts.
Key Documents for Year 8 LREC/ZREC RFP