Purchase of New York Tier 1 Eligible Renewable Energy Certificates

Description of goods to services to be bid:

NYSERDA has been directed by the Public Service Commission to issue annual RES RFP's. The New York State Energy Research and Development Authority (NYSERDA) seeks to procure approximately 5.6 million Tier 1 eligible Renewable Energy Certificates (RECs) annually from Bid Facilities that meet the eligibility requirements described in this Request for Proposals (RFP or RESRFP25-1).

If changes are made to this solicitation notification will be posted on NYSERDA’s website at:
www.nyserda.ny.gov/funding-opportunities

Eligibility/Qualifications Requirements/Preferences:

RESRFP25-1 will be implemented through a two-step process, consisting of:
1. Step One Eligibility Application: A qualifying step through which the Proposer must provide evidence that the Bid Facility is Tier 1 eligible and other general information about the Proposer and the Bid Facility.
2. Step Two Bid Proposal: A competitive Bid Proposal step, through which NYSERDA will: (1) examine each Bid Proposal to determine whether the Bid Price does not exceed the Benchmark Levelized Net REC Cost (LNRC) and it demonstrates that the Bid Facility and Proposer meet the Minimum Threshold Requirements; and (2) for Bid Proposals that meet those minimum requirements, a competitive evaluation based on price and non-price factors.
Only those Proposers found eligible under Step One will be permitted to submit a Step Two Bid Proposal. Only those Proposals found to have met all Minimum Threshold Requirements will be evaluated under Step Two.