Issue supply RFP and select winning competitive supplier i. Power supply After the DPU approves the plan, the next step is to procure an energy supply contract. Greenfield will solicit bids from leading competitive suppliers, including those currently supplying aggregations in Massachusetts and other states. The RFP will require that the supplier satisfy key threshold criteria, including: Z Licensed by the DPU Z Strong financial background Z Experience serving the Massachusetts competitive market or municipal aggregations in other states Z Demonstrated ability, supported by references, to provide strong customer service In addition, suppliers will be required to agree to the substantive terms and conditions of Greenfield’s model electricity service agreement, including, for example, the requirement to: Z Provide allZrequirements service for a fixed price with no passZthrough charges Z Allow customers to exit the program at any time with no fee Z Agree to specified customer service standards Z Comply with all requirements of the DPU and the local distribution company Greenfield will solicit price bids from suppliers that meet the threshold criteria and agree to the terms and conditions. The Town will request bids for a variety of terms (e.g., one year, two years, and three years) and for power from different sources. If none of the bids is satisfactory, the Town will reject all bids and repeat the call for prices as often as needed until market conditions yield a price that is acceptable to the Town. Greenfield will only accept a bid that enables it to launch the aggregation with a price that is equal to or less than the Basic Service price.
Issue supply RFP and select winning competitive supplier i. Power supply After the DPU approves the plan, the next step is to procure an energy supply contract. Natick will solicit bids from leading competitive suppliers, including those currently supplying aggregations in Massachusetts and other states. The RFP will require that the supplier satisfy key threshold criteria, including: -‐ Licensed by the DPU -‐ Strong financial background -‐ Experience serving the Massachusetts competitive market or municipal aggregations in other states -‐ Demonstrated ability, supported by references, to provide strong customer service In addition, suppliers will be required to agree to the substantive terms and conditions of Natick’s model electricity service agreement, including, for example, the requirement to: -‐ Provide all-‐requirements service for a fixed price with no pass-‐through charges -‐ Allow customers to exit the program at any time with no fee -‐ Agree to specified customer service standards -‐ Comply with all requirements of the DPU and the local distribution company Natick will solicit price bids from suppliers that meet the threshold criteria and agree to the terms and conditions. The Town will request bids for a variety of terms (e.g., one year, two years, and three years) and for power from different sources. If none of the bids is satisfactory, the Town will reject all bids and repeat the call for prices as often as needed until market conditions yield a price that is acceptable to the Town. Natick will only accept a bid that enables it to launch the aggregation with a price that is equal to or less than the Basic Service price. Town of Natick Municipal Aggregation Plan 3
