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  5. ›RFP 24-09 Utility Agreement Made Available Through Remote…

Haddonfield Board of Education·New Jersey

RFP 24-09 Utility Agreement Made Available Through Remote Net Metering in the PSEG Territory

Closes 11/21/2024$3M – $6MInvitation for Bid
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Description

The Board of Education of the Borough of Haddonfield is seeking a vendor to supply remote‑net‑metered electricity credits generated by an off‑site solar installation. The contract is for approximately 2.25 million kWh per year, delivered over a 20‑year term, with a fixed $/kWh rate determined by a live electronic auction and a 1 % annual price escalation. The vendor must secure all regulatory approvals, manage interconnection and credit allocation with the local distribution company, and provide ongoing reporting and record‑keeping. • Volume: ~2.25 M kWh annually, allocated across four school‑district utility accounts. • Term: 20 years, fixed $/kWh price plus 1 % yearly escalation. • Vendor responsibilities include regulatory compliance, interconnection permitting, credit allocation, monthly progress reports, and five‑year record retention. • Submission process: qualification packet due Nov 18, platform access test by Nov 20, live auction Nov 21‑22. • Payment: Board pays the vendor directly; vendor also pays a consulting fee of $0.0025/kWh to Taurus Advisory Group.

Attached files

Contact

Nathan Burroughs(Point‑person for the RFB (questions, qualification packets))

[email protected]

(908) 763-2077

Key dates

Opened
11/6/2024
Questions due
11/14/2024
Closes
11/21/2024
Duration
20 years

Last updated

Details

Type
Invitation for Bid
Industry
Renewable Energy
NAICS
221115

Budget estimate

$3,000,000 – $6,000,000

Assuming an average market price of $0.10 per kWh, the annual revenue from 2.25 M kWh would be roughly $225,000. Over a 20‑year term this yields about $4.5 million in gross revenue. Accounting for price escalation (1 % per year) and potential variations in electricity pricing, a realistic range is $3 million to $6 million over the contract life.

AI estimate from the solicitation

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