Each Contractor is responsible for reading carefully and understanding fully the terms and conditions of this RFP. All contact between Contractors and the University will be formally made at scheduled meetings or in writing through the Issuing Office. Requests for clarification or additional information
must be made in writing to the Procurement Officer and received at the Issuing Office no later than February 24, 2022 at 4:00 P.M. Such requests should contain the following: "QUESTIONS: RFP
#119229. Only written communications relative to the procurement shall be considered. Electronic mail are acceptable methods for submission of questions. It is incumbent upon the Contractor to verify University receipt of their questions.
All questions will be answered in writing. Both questions and answers will be posted at E-Maryland Market Advantage, without identification of the inquirer(s), to all Contractors who are on record with the Procurement Officer as having received this RFP. No oral communications can be relied upon for proposal purposes. CONTRACTING APPROACH & WORK SCOPE
The provisions of this Section as well as the accompanying specification sections and other attachments apply to the work of this section.
1. The Technical Consultant will access energy market risk of the portfolios of the Participating Entities, prepare and provide calculations of market volatilities; and prepare forward market
price curves. Periodic reports (daily or weekly) should provide market information (both domestic U.S. and international) that affects the applicable mid-Atlantic markets and the United States energy markets. The Technical Consultant must present, at a minimum, a monthly report that summarizes the current portfolio and both open (unhedged) and fixed (hedged) position valuation for each USM institution and DGS, and compares the current portfolio to the budgeted targets and market risk. The Technical Consultant shall prepare a risk management plan and purchasing and hedging protocol and make purchasing and hedging recommendations to the Participating Entities, consistent with that protocol and plan, taking into account the obligation to provide steam and the ability to produce electricity, in the case of UMD.
2. Recommendations for Bidding on PJM Auction Revenue Rights (ARRs) Auction Revenue Rights (ARRs) are the mechanism by which the proceeds from annual Financial Transmission Rights (FTR) auctions in PJM are allocated. ARRs are entitlements allocated annually to eligible firm transmission service customers that entitle the holder to receive a portion of the revenues from the annual FTR auction. The proceeds from the annual FTR auction are distributed to ARR holders. The Technical Consultant will be required to: Review and analyze the Historical Bidding Practices in the allocation auction by evaluating:
-What paths have cleared historically (Stage 1 and 2)
-The value of the cleared paths
-How many MW's were feasible on each path
-Analysis of Historical Value paths to USM's and DGS' Sink points
-Conduct a Transmission Study as needed which may include:
o Mapping of paths and high voltage transmission lines surrounding Maryland's Sink points
o Analyzing the mapping to identify paths with a high potential of clearing
o Analyze and Review paths identified in the transmission study against historical value of those paths
o Provide recommendations on bidding paths and volumes associated with those paths
o Revise recommendations as needed as each auction round is completed.
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