other supply components associated with serving the contracted load, including capacity, ancillary services, AEPS compliance, and other costs. The fixed price portion will be established through the DCA. Companies’ 24. Contracts for 50% of the residential class load will have terms of twelve months, and contracts for the remaining 50% will have terms of twenty-four months. 25. The full requirements contracts for the commercial class will include a fixed price for 100% of the supply and will be procured through DCAs in the same manner and at the same time as the residential class. 26. The commercial class full requirements product mix will be comprised of three month contracts (28%), twelve month contracts (36%) and twenty-four month contracts (36%). 27. The procurement terms and schedule for the residential and customer class contracts are set forth in Exhibit C. Industrial Class Procurement 28. The industrial class product is an hourly-priced service product based upon PJM real-time zonal hourly market prices. Suppliers will bid for the right to serve a portion of the hourly-priced service load for twelve-month terms (commencing on either June 1, 2015 or June 1, 2016). Winning suppliers will be paid the winning price bid in the hourly-priced auction, the hourly PJM real time zonal LMP, and a fixed adder of $4/MWh to capture the estimated costs of other supply components, including capacity, ancillary services, AEPS compliance and other costs. 29. The Companies will procure default service supply for the industrial class load through two separate auctions for twelve-month contracts in January 2015 and January 2016. Supplier Master Agreement 30. Attached as Exhibit D to the Joint Petition is the form of the Supplier Master Agreement that each (“SMA”) Company will execute with wholesale suppliers that are successful bidders in the default service supply Companies’
other supply components associated with serving the contracted load, including capacity, ancillary services, AEPS compliance, and other costs. The fixed price portion will be established through the Companies’ DCA. 24. Contracts for 50% of the residential class load will have terms of twelve months, and contracts for the remaining 50% will have terms of twenty-four months. 25. The full requirements contracts for the commercial class will include a fixed price for 100% of the supply and will be procured through DCAs in the same manner and at the same time as the residential class. 26. The commercial class full requirements product mix will be comprised of three month contracts (28%), twelve month contracts (36%) and twenty-four month contracts (36%). 27. The procurement terms and schedule for the residential and customer class contracts are set forth in Exhibit C. Industrial Class Procurement 28. The industrial class product is an hourly-priced service product based upon PJM real-time zonal hourly market prices. Suppliers will bid for the right to serve a portion of the hourly-priced service load for twelve-month terms (commencing on either June 1, 2015 or June 1, 2016). Winning suppliers will be paid the winning price bid in the hourly-priced auction, the hourly PJM real time zonal LMP, and a fixed adder of $4/MWh to capture the estimated costs of other supply components, including capacity, ancillary services, AEPS compliance and other costs. 29. The Companies will procure default service supply for the industrial class load through two separate auctions for twelve-month contracts in January 2015 and January 2016. Supplier Master Agreement 30. Attached as Exhibit D to the Joint Petition is the form of the Supplier Master Agreement (“SMA”) that each Company will execute with wholesale suppliers that are successful bidders in the Companies’ default service supply
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