Supply Procurement Monitoring
Potomac Economics has served as an Independent Evaluation Monitor for a number of requests for proposals (“RFP”) by utilities seeking to purchase wholesale electricity or generating assets. The objective in these cases is to ensure that the evaluation of the proposals is conduct in a fair, objective, and reasonable manner. This is particularly true when a competitive affiliate of the utility is participating in the RFP.
This function is beneficial to the utilities’ customers because it ensures that the process is competitive and that the utility procures the lowest cost electricity available. It also benefits the utility itself by providing it with expert advice on the evaluation process and substantially reducing the potential disputes arising from the RFP process.