The Petitioners have posted the Initial Index Values to be utilized in the Indexing Adjustment Mechanism for any Indexed Price Bid – an optional alternative price proposal as defined per Section 2.2.1.5 of the RFP and further defined in the Informational Filing. As noted in the Informational Filing, some indices published by the U.S. Bureau of Labor Statistics (BLS) are subject to revision for up to four months after original publication, the Petitioners will provide updates to the values in the Table below no later than February 29, 2024.
| Index | Data Source | Initial Value on Bid Due Date | November 2023** | December 2023** | January 2024** | Initial Value (Average) |
| CPI | U.S. BLS, Data Series CUUR0000SA0L1E, All items less food and energy in U.S. city average, all urban consumers, not seasonally adjusted | Average of November 2023, December 2023 and January 2024 monthly values | 311.606 | 311.907 | 313.623 | 312.379 |
| Steel | U.S. BLS, PPI, Data Series PCU331110331110, Iron and steel mills and ferroalloy manufacturing, not seasonally adjusted | Average of November 2023, December 2023 and January 2024 monthly values | 261.341 | 262.593 | 279.247 | 267.727 |
| Copper | U.S. BLS, PPI, Data Series WPU102403, Metals and metal products – Secondary copper, alloyed and unalloyed, not seasonally adjusted | Average of November 2023, December 2023 and January 2024 monthly values | 712.446 | 715.718 | 721.014 | 716.393 |
| Fuel | U.S. EIA, Petroleum & other liquids, New York Harbor Ultra-Low Sulfur No 2 Diesel, average of daily prices for each trading day of the month | Average of November 2023, December 2023 and January 2024 monthly values | 2.905 | 2.632 | 2.681 | 2.739 |
| Labor** | U.S. BLS, Data Series CIU2020000000000I, Wages and salaries for Private Industry workers in All industries and occupations, not seasonally adjusted (Quarterly data) | Last available quarterly value prior to Bid Due Date | 2023 Quarter 4 | 164.1 | ||
| Fabrication | U.S. BLS, Data Series PCU811310811310, Commercial machinery repair and maintenance, not seasonally adjusted | Average of November 2023, December 2023 and January 2024 monthly values | 191.320 | 191.320 | 197.442 | 193.410 |
| Interest | FRED St. Louis Federal Reserve, U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis (DGS10), average of daily quoted prices for the month | Average of November 2023, December 2023 and January 2024 monthly values | 4.50 | 4.02 | 4.06 | 4.19 |
**Final values will be updated no later than February 29, 2024.
February 6, 2024
DOER and the Distribution Companies have made a joint Informational Filing at the DPU to revise the Indexing Adjustment Mechanism to be consistent with the extended Bid Submission Date. The revised Indexing Adjustment Mechanism updates the initial index values, which will be published as soon as possible and updated no later than February 29, 2024. Please see the updated Informational Filing at macleanenergy.com/83c-iv/83c-iv-documents/.
October 2, 2023
The Request for Proposal (RFP) Drafting Parties have made an Informational Filing at the DPU describing the finalized Indexing Adjustment Mechanism on September 29, 2023. This Informational Filing describes the purpose of the Indexing Adjustment Mechanism, the process by which the Petitioners arrived at the Indexing Adjustment Mechanism, and how the Indexing Adjustment Mechanism will be implemented as an option in the RFP.
Please follow this link to Indexing Adjustment Mechanism Informational Filing or find it at macleanenergy.com/83c-iv/83c-iv-documents/.
September 8, 2023
On August 25, 2023, the Request for Proposal (RFP) Drafting Parties issued a Request for Information (RFI) on the Indexing Adjustment Mechanism pursuant to Section 2.2.1.5 of the proposed 83C Round 4 RFP. On August 23, 2023, the Department approved the timetable and method for solicitation found in the RFP, including the proposed Indexing Adjustment (as defined in the RFP).
The interested parties and stakeholders were invited to provide comments in response to the questions in the linked RFI below. Please note that the RFP Drafting Parties will consider comments in developing the mechanism but not otherwise respond to comments received.
RFI for Indexing Adjustment Mechanism – August 25, 2023
All comments were due via email to Austin Dawson (Rates and Supply Analyst at DOER) via email to Austin.Dawson@mass.gov, no later than 5:00pm on September 5, 2023. “83C Round 4 Indexation Adjustment Comments” and the name of the individual or organization submitting comments were included in the subject line.
The comment period has now ended.
Public Comments:
Massachusetts Clean Energy 