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EDCs ask BPU to approve two‑auction BGS procurement, seek pre‑approved rate design and contingency cost recovery
Summary
EDCs and consultant NERA told the Board of Public Utilities the 2026 proposal keeps a two‑auction structure and a full‑requirements product, asks for pre‑approved rate design and contingency cost recovery, and would use capacity proxy prices for energy years 2028–29 if PJM BRA results are not available in time.
President Christine Golos Adobe convened the hearing of the New Jersey Board of Public Utilities to receive public comments on the electric distribution companies’ (EDCs’) 2026 basic generation service (BGS) procurement proposal (Docket ER25040190). Rachel Northcutt of NERA, which the presenters said has managed New Jersey BGS auctions for more than 20 years, outlined the EDCs’ recommendation to continue auction‑based procurement.
Northcutt said the EDCs propose two separate auctions: a BGS CIEP auction for larger commercial and industrial customers and a BGS RSCP auction to procure residential and small commercial supply on a three‑year rolling basis meant to smooth price volatility for…
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