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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

RFP Year Issue Date Final Selected Final Procurement Plans & Contracts Approved By PURA
1  May 1, 2012  80  Feb. 1, 2013
2 April 25, 2013 105 Jan. 16, 2014
3 April 24, 2014 151 Jan. 14, 2015
4 April 30, 2015 167 April 1, 2016
5 April 28, 2016 118 February 28, 2017
6a April 27, 2017 77 September 11, 2017
6b September 25, 2017 74 May 14, 2017

 

More detailed information regarding previous LREC/ZREC RFP results is also available. 

Key Documents

Year 1 Detailed Results:

Year 2 Detailed Results:

Year 3 Detailed Results:

Year 4 Detailed Results:

Year 5 Detailed Results:

Year 6 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 7 RFP

The following schedule is applicable to the Year 7 LREC/ZREC RFP:

Action Item Date
Release of RFP August 9,2018
Bidders Conference - Webinar Only August 14, 2018
Deadline for Submission of Questions August 28, 2018
Bid Forms Due October 7, 2018 by 1:00 p.m. (Eastern Prevailing Time “EPT”), at which time the Pricing shall become firm, irrevocable and binding.
Selection and Notification of Winning Bidders On or about November 8, 2018
Standard Contracts Execution After Selection and Notification of Winning Bidders. Bidders will have to return partially executed contracts by the date established 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 7 LREC/ZREC RFP

Submit LREC/ZREC Bid