The REC RFP process is a solicitation by which The Cleveland Electric Illuminating Company, The Toledo Edison Company, and Ohio Edison Company ("FirstEnergy Ohio Utilities"), wholly-owned subsidiaries of FirstEnergy Corp, are seeking to procure Renewable Energy Credits (“RECs”), which may include both solar and non-solar Renewable Energy Credits, to comply with the renewable energy resource requirements of R.C. 4928.01, R.C. 4928.64, and R.C. 4928.65 (“Ohio Law”) as may be amended.
This Request for Proposals (“RFP”) establishes FirstEnergy Ohio Utilities' right to execute one or more Purchase and Sale Agreements for Renewable Energy Credits with Successful Proposer(s) for the Delivery of 570,000 RECs. The purchases will help meet the companies’ 2023 renewable energy targets established under Ohio’s alternative energy law.
RECs sought in this RFP must be eligible for compliance with the companies’ 2023 renewable energy obligations, be sourced from generating facilities certified in accordance with rules and procedures put forth by the Public Utilities Commission of Ohio (PUCO), be deliverable through PJM Environmental Information System Generation Attribute Tracking System (EIS GATS), and generated between January 1, 2021, and December 31, 2023. Participants in the RFP must prove their REC-generating facilities are certified or in the process of becoming certified by the PUCO.
The schedule for the REC RFP can be found on the Calendar page of this Website.
The RFP Manager, CRA International, Inc. d/b/a Charles River Associates, manages the REC RFP process. For additional information regarding the REC RFP and to receive updates please register on this Information Website. Click here to register.
The information provided for the REC RFP process, or on the REC RFP Information Website, has been prepared to assist prospective participants who may be considering participating in the process. There is no assurance or representation that this information is all the information that may be relevant to a participant in satisfying its due diligence efforts. Neither FirstEnergy Corp., the FirstEnergy Ohio Utilities nor the RFP Manager make any representation or warranty, expressed or implied, as to the accuracy or completeness of the information, and shall not, either individually or as a corporation, be liable for any representation expressed or implied in the REC RFP processor any omissions from the REC RFP process, or any information provided to a participant by any other source. A participant should check the REC RFP Information Website frequently to ensure it has the latest documentation and information that are provided on the Website. Neither the FirstEnergy Ohio Utilities nor the RFP Manager nor any of their representatives shall be liable to a participant or any of its representatives for any consequences relating to or arising from the participant's use of outdated information.