Conn. Agencies Regs. § 16-244c-3 - Competitive bidding procedure
(a) The purpose of
the competitive bidding process is to invite competition, guard against
favoritism, improvidence, extravagance, fraud and corruption, and secure a
reliable electricity supply at the lowest available price for default and
back-up service customers in the state.
(b) Any competitive bidding proceeding
administered pursuant to subsection (b) or (c) of section
16-244c
of the Connecticut General Statutes or section
16-244c-2
of the Regulations of Connecticut State Agencies shall be conducted in
accordance with Sections
16-244c-1
to
16-244c-11,
inclusive, of the Regulations of Connecticut State Agencies.
(c) For each competitive bidding proceeding,
the department shall:
(1) Determine whether
one or more bidders shall be chosen to provide default or back-up service or
both;
(2) Determine whether the
chosen bidder or bidders shall provide electric generation services to one or
more electric distribution companies in the state;
(3) Appoint or designate an auction agent to
administer the bidding proceeding; and
(4) Determine the winner selection criteria,
which may include but shall not be limited to the following:
(A) A comparison of competing bids in terms
of total net present value of the cost of service for the bid period;
(B) A year-to-year comparison of the
cumulative annual present value of the cost of service of the competing
bids;
(C) A risk analysis of
competing bids in relation to price and load forecast uncertainties;
and
(D) A comparison of the
competing bids in terms of renewable energy resources or portfolios.
Notes
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