RFQ26006503 Exhibit 2 Pricing Forms.docx
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- Solicitation number
- RFQ26006503
- Issued by
- Rhode Island
About this file
This is a Pricing Forms exhibit for a Request for Quotation (RFQ26006503) issued by the State of Rhode Island's Department of Administration, Division of Purchases, on behalf of the Executive and Judicial Branches, Cities and Towns, and other State entities for retail electricity supply service. The solicitation is limited to vendors pre-qualified under the MPA 623 cooperative purchasing agreement and does not contain specific line items; instead, vendors must submit a completed Exhibit 2 Pricing Form. The solicitation opened on April 2, 2026, at 3:30 PM EDT, with a vendor question-and-answer period running through April 14, 2026, at 2:00 PM EDT. All submissions must be made electronically through Ocean State Procures by the deadline of May 6, 2026, at 12:00 PM EDT. The contract term extends through June 30, 2026, with continuation beyond the initial fiscal year subject to the State's discretion and fund availability.
Bid pricing must be quoted as a single, firm price representing the maximum effective rate during the agreement period on an F.O.B. destination basis, including inside delivery at no additional cost, with any manufacturer-level price reductions passed through to the State. A contract administrative fee of 0.33% of total annual spend will be withheld from vendor invoices effective January 1, 2026. The procurement includes a mandatory 15% minority business enterprise (MBE) participation set-aside requirement. Qualified vendors must maintain General Liability insurance of $1,000,000 per occurrence, Workers' Compensation insurance of $100,000 each accident, and Automobile Liability insurance of $1,000,000 each occurrence combined single limit. No incumbent vendors or current contractors are identified, and no specific budget range or award value has been disclosed. The State reserves the right to make one or multiple awards or reject any or all bids at its sole discretion. Vendor inquiries should be directed to Max Righter at the Division of Purchases.
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SOLICITATION SPECIFICATIONS
RFQ26006503 – REQUEST FOR QUOTES
MPA 623 PRICING EVENT - RETAIL ELECTRIC SUPPLY SERVICE
EXHIBIT 2: PRICING REQUIREMENTS AND PRICING FORMS
CONTENTS
1. PRODUCT DEFINITION & PRICING REQUIREMENTS
2. PRICING OPTIONS AND PRICING FORMS
1. PRODUCT DEFINITION AND PRICING REQUIREMENTS
As presented in the Request for Pricing, the electric accounts contained within this process are separated into three (3) Account Groups, defined as Pricing Group 1, Pricing Group 2, and Pricing Group 3. For each of these Groups, the State is seeking pricing for multiple durations, each with 2 different voluntary renewable energy options as well as a base option exclusive of voluntary renewables, as outlined below. The State is also requesting pricing under an alternate RES Schedule, which is currently under review by the State of Rhode Island; see below for details.
Note that some accounts in this process have a later Service Start Month than others; regardless of the contract duration ultimately selected by the State, it is the State’s goal to have a coterminous expiration month for all accounts.
PRODUCT DESCRIPTION: ALL-INCLUSIVE FIXED RATE
The State is seeking a firm, fully-bundled, all-inclusive weighted average fixed price per kWh of electricity with two different voluntary renewable energy requirement options (defined below). The rate offered for each Pricing Group must be the same for all accounts within the Group.
· The State is seeking an all-inclusive, fixed supply price per kWh. As applicable, this shall include, but not be limited to, all costs or other requirements to furnish energy (generation), capacity, installed capability, operable capability, operating reserves, Day Ahead Ancillary Services Initiative (“DASI”), automatic generation control, uplift costs, congestion charges, line losses and any other generation-related ancillary services, expenses or charges incurred to provide full-requirements service; also, costs imposed by NEPOOL and/or ISO-NE, RES (Renewable Energy Standard) costs, any additional renewable energy costs, supplier margin, consultant fee and any other applicable fees or costs.
· All costs related to Capacity shall be fully fixed within the State’s resulting contract rate for the duration of the contract service period. No change to the State’s final contract rate will be accepted as a result of a change in Capacity costs (or rates) from ISO-NE and/or as a result of a change in customer Capacity/Peak Load Contribution (PLC) tags (kW).
· Consultant/broker fee: NORESCO’s fee is $0.000375 per kWh. This fee is to be included in all supplier bid prices and will be paid by the winning Supplier(s) directly to NORESCO for all consumption used by the accounts throughout the duration of the resulting agreement(s).
· The State of Rhode is exempt from Gross Receipts Tax (GRT) and thus it should not be included in pricing submissions.
· Pricing herein shall not include any local delivery service or related LDC (utility) charges.
· All accounts in this process are to receive Utility Consolidated Billing (UCB).
SERVICE PERIOD
· The State will be seeking pricing for multiple Service Period durations: 12 months, 24 months, 36 months, and 48 months. Note that Pricing Group 3 contains alternate durations due to the (later) start month.
· Pricing Group 1 Service Period Most accounts in Pricing Group 1 will have a start month of October 2026 (1st meter read date on or after October 1, 2026).
Some Participating Entities have accounts that will have a later Service Start Month; these are identified in the Request for Pricing and in the attached Excel spreadsheet (Exhibit 1). For accounts with a later Service Start Month, these accounts will have a shorter overall Service Period Duration. All accounts are expected to have the same Service Period ending month.
· Pricing Group 2 Service Period The Service Start Month for Pricing Group 2 is October 2026.
· Pricing Group 3 Service Period The Service Start Month for Pricing Group 3 is June 2027.
VOLUNTARY RENEWABLE ENERGY REQUIREMENTS
The State is seeking to include an amount of Voluntary Renewable Energy that represents the difference between 100% of the State’s usage vs. the State’s annual RES % compliance requirement, as follows: RES % + Incremental Voluntary Renewable % = 100%.
The State is requesting pricing for the following two (2) Voluntary Renewable Energy product options:
Voluntary Renewable Option 1: Green-e Certified RECs Total annual deliveries under this contract must include the procurement and retirement of RECs that are produced from a Green-e certified renewable energy resource, which should be from Green-E certified National Wind/Solar sources. These RECs must be verified, documented, and retired in the name of each Participating Entity in this package, as applicable. On an annual basis, the winning energy supplier is required to provide documentation and evidence of the quantity, type, and geographic source of each Renewable Energy Certificate.
Voluntary Renewable Option 2: ISO-NE sourced RECs Total annual deliveries under this contract must include the procurement and retirement of RECs that are produced from renewable energy source(s) that are compliant with the Rhode Island Renewable Energy Standard (RES). These RECs can be new or existing (these RECs can be existing hydro). These RECs must be minted and settled in ISO-New England (in NEPOOL GIS). The winning energy supplier is required to report the quantity and source(s) of RECs retired in NEPOOL GIS to meet this requirement no less than annually and to provide such reporting directly to the Rhode Island Office of Energy Resources.
Each Pricing Group contained herein may elect to include the voluntary renewable energy option of their choice, or to exclude the addition altogether (base option).
Evidence of Annual REC Retirements The winning supplier is required to provide to each Participating Entity included in this RFP annual documentation confirming that the applicable Renewable Energy Certificates have been retired in the name of each Participating Entity. The winning supplier is expected to inform the State of the anticipated timeline for receiving applicable documentation/certificates annually.
STATE OF RHODE ISLAND RENEWABLE ENERGY STANDARD (RES)
The State of Rhode Island is reviewing a Bill that, should it pass, is likely to impact the annual renewable energy requirements (%) contained in the State’s current Renewable Energy Standard (RES). This could result in an instance of Change in Law, and the State will expect a review from the winning supplier(s) if there may be a potential for reduction in overall costs to the State as a result.
Under proposed RI House Bill 7127, the following amended RES schedule could be implemented beginning with Compliance Year 2027 (which coincides with Calendar Year 2027 in Rhode Island). Note that the right-hand column below, labeled “Difference”, is showing the difference in absolute percentage points (not the actual percentage change).
The State is requesting pricing under both the Current RES Schedule, as well as the Proposed RES Schedule.
OTHER PRICING REMINDERS
· There are three (3) Pricing Groups in this RFP, each with their own Pricing Form sheet.
· Each of the three (3) Pricing Form pages should include the Bidder Company’s name.
· Suppliers are encouraged, but not required, to offer pricing for all pricing options.
· Reminder that all billing in this agreement must be Utility Consolidated Billing.
· More than one supplier may be selected in this process. No more than one supplier per Pricing Group may be selected.
· Add/Delete provision will be administered on a per-Pricing Group basis.
2. PRICING OPTIONS AND PRICING FORMS
All pricing options are shown in the three Pricing Form tables, below. There is one Pricing Form for each of the three (3) Pricing Groups in this RFP. All bid prices are to be submitted by no later than 12:00 PM Eastern Prevailing Time on Wednesday, May 6th. After the bid process has concluded, the State will select the option(s) that, in its sole determination, best meet the State’s needs.
Bidder Company Name: _______________________ Pricing Form: Pricing Group 1
| Pricing Option / Tranche Number |
| Service Period Duration (months) |
| Service Start Month** |
| Voluntary Renewable Requirement |
| Approx. # of Accounts |
| Pricing with Current RES Schedule ($/kWh) |
| Pricing with Proposed RES Schedule ($/kWh) |
| 1a |
| 12 |
| Oct 2026 |
| Base* |
| 2,184 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 1b |
| 12 |
| Oct 2026 |
| Base plus Green-e |
| 2,184 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 1c |
| 12 |
| Oct 2026 |
| Base plus ISO-NE |
| 2,184 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 2a |
| 24 |
| Oct 2026 |
| Base* |
| 2,184 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 2b |
| 24 |
| Oct 2026 |
| Base plus Green-e |
| 2,184 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 2c |
| 24 |
| Oct 2026 |
| Base plus ISO-NE |
| 2,184 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 3a |
| 36 |
| Oct 2026 |
| Base* |
| 2,184 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 3b |
| 36 |
| Oct 2026 |
| Base plus Green-e |
| 2,184 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 3c |
| 36 |
| Oct 2026 |
| Base plus ISO-NE |
| 2,184 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 4a |
| 48 |
| Oct 2026 |
| Base* |
| 2,184 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 4b |
| 48 |
| Oct 2026 |
| Base plus Green-e |
| 2,184 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 4c |
| 48 |
| Oct 2026 |
| Base plus ISO-NE |
| 2,184 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
* Each “Base” pricing option is to include no additional, incremental voluntary renewable energy (only what is required by the RI RES for compliance purposes).
** Ten (10) accounts from Town of Westerly in Pricing Group 1 will have a November 2027 start date; see Exhibit 1.
Bidder Company Name: _____________________
Pricing Form: Pricing Group 2 (URI main account only)
| Pricing Option / Tranche Number |
| Service Period Duration (months) |
| Service Start Month |
| Voluntary Renewable Requirement |
| # of Accounts |
| Pricing with Current RES Schedule ($/kWh) |
| Pricing with Proposed RES Schedule ($/kWh) |
| 5a |
| 12 |
| Oct 2026 |
| Base* |
| 1 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 5b |
| 12 |
| Oct 2026 |
| Base plus Green-e |
| 1 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 5c |
| 12 |
| Oct 2026 |
| Base plus ISO-NE |
| 1 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 6a |
| 24 |
| Oct 2026 |
| Base* |
| 1 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 6b |
| 24 |
| Oct 2026 |
| Base plus Green-e |
| 1 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 6c |
| 24 |
| Oct 2026 |
| Base plus ISO-NE |
| 1 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 7a |
| 36 |
| Oct 2026 |
| Base* |
| 1 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 7b |
| 36 |
| Oct 2026 |
| Base plus Green-e |
| 1 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 7c |
| 36 |
| Oct 2026 |
| Base plus ISO-NE |
| 1 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 8a |
| 48 |
| Oct 2026 |
| Base* |
| 1 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 8b |
| 48 |
| Oct 2026 |
| Base plus Green-e |
| 1 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 8c |
| 48 |
| Oct 2026 |
| Base plus ISO-NE |
| 1 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
* Each “Base” pricing option is to include no additional, incremental voluntary renewable energy (only what is required by the RI RES for compliance purposes).
Bidder Company Name: _______________________
Pricing Form: Pricing Group 3 (NBC accounts only)
| Pricing Option / Tranche Number |
| Service Period Duration (months) |
| Service Start Month |
| Voluntary Renewable Requirement |
| # of Accounts |
| Pricing with Current RES Schedule ($/kWh) |
| Pricing with Proposed RES Schedule ($/kWh) |
| 9 |
| 4 |
| June 2027 |
| Base* |
| 10 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 10 |
| 16 |
| June 2027 |
| Base* |
| 10 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 11 |
| 28 |
| June 2027 |
| Base* |
| 10 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
| 12 |
| 40 |
| June 2027 |
| Base* |
| 10 |
| $0.___ ___ ___ ___ ___ |
| $0.___ ___ ___ ___ ___ |
The Service end month for Pricing Group 3 shall co-terminate with Pricing Groups 1 and 2.
* Each “Base” pricing option is to include no additional, incremental voluntary renewable energy (only what is required by the RI RES for compliance purposes).
End of Pricing Form Exhibit 2 – page 10 of 7 image1.jpg image2.png
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