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  5. ›RFP 24-08 Utility Agreement Made Available Through Remote…

Haddonfield Board of Education·New Jersey

RFP 24-08 Utility Agreement Made Available Through Remote Net Metering in the PSEG Territory

Closes 10/4/2024$20M – $80MRequest for Proposal
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Description

The Board of Education of the Borough of Haddonfield is seeking a vendor to purchase and supply utility‑credit (kWh) units generated by an off‑site solar installation, act as the liaison with the local distribution company (LDC) to secure regulatory approvals, and manage all compliance and reporting for a 20‑year term. The vendor will not own or lease the solar assets; instead, they will procure “remote‑net‑metering” credits and deliver them to four school district electricity accounts. Pricing will be determined in a live reverse‑auction, with a 1 % annual escalation and a requirement to pay a consulting fee to the Board’s energy‑procurement advisor. The contract includes strict milestones for regulatory documentation, quarterly progress reports, and full credit flow within 36 months.

Attached files

Contact

Nathan Burroughs(RFP Point‑Person (questions))

[email protected]

(908) 763-2077

Key dates

Opened
9/6/2024
Questions due
9/17/2024
Closes
10/4/2024
Duration
20 years

Last updated

Details

Type
Request for Proposal
Industry
Renewable Energy
NAICS
541690
Solicitation №
RFP 24-08

Budget estimate

$20,000,000 – $80,000,000

The contract will pay a fixed price per kilowatt‑hour for roughly 2.2 million kWh per year over 20 years (≈44 million kWh total). Assuming a market‑typical credit price of $0.05‑$0.10 per kWh, total revenue could range from $2.2 million to $4.4 million annually, i.e., $44 million to $88 million over the contract life. The estimate accounts for possible price negotiation in the auction, the 1 % annual escalation, and the vendor’s own cost structure.

AI estimate from the solicitation

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