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, 2018
||August 9, 2018
||May 13, 2019
||April 30, 2019
||October 29, 2019
||April 30, 2020
||January 22, 2021
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
Year 8 Detailed Results
Year 9 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 9 RFP
Important Update Regarding the Year 9 LREC/ZREC RFP:
In accordance with PURA’s September 2, 2020 ruling on Motion No. 11 in Docket 19-07-01, Eversource is hereby notifying all Year 9 RFP Bidders of the following important information:
- Please read PURA’s ruling on Motion No. 11 in Docket 19-07-01, as this motion ruling may impact the results of the Year 9 RFP.
- Please be advised that future motion rulings in this docket and/or future rulings on Motion No. 11 in particular, may impact the approval of Year 9 LREC/ZREC contracts.
- Interested stakeholders may file a Motion for Participant Status in the above-referenced proceeding should you wish to be notified of any future filings/motions/rulings in this proceeding.
Further, since Eversource is awaiting PURA’s guidance regarding the disqualifications in the Year 9 RFP, Eversource has not yet selected any bids or issued any Year 9 contracts. Upon receipt of a decision from PURA, Eversource will work to expeditiously notify selected bidders and issue Year 9 RFP contracts in accordance with PURA’s guidance.
Eversource will issue the Year 9 LREC/ZREC RFP on April 30, 2020, however the bid portal will not be capable of accepting bids until May 8, 2020.
The following schedule* is applicable to the Year 9 LREC/ZREC RFP:
|Release of RFP
||April 30, 2020
|Bidders Conference - Webinar Only
||June 8, 2020**
|Deadline for Submission of Questions
||June 12, 2020**
|Bid Forms Due
||July 13, 2020** 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 August 13, 2020**
|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
* Pursuant to Section 2.1 of the RFP, Schedule, the Companies, at their sole discretion, may modify the schedule at any time.
**Note - bold dates have changed since this chart was initially posted.
Key Documents for Year 9 LREC/ZREC RFP