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Kean University·New Jersey

Electricity Supply Service

Closes 11/10/2026$4M – $12MInvitation for Bid
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Description

Kean University is seeking a qualified, NJBPU‑licensed electricity supplier to provide full‑requirements electricity supply to 46 accounts across its Union and Jersey City campuses. The supplier must deliver wholesale electricity (generation, capacity, transmission) to the point where PSE&G’s transmission meets distribution, while the university pays distribution charges. Bids are to be submitted electronically, using prescribed price‑proposal forms for three product options (all‑in fixed price, unbundled capacity & transmission, and unbundled with load‑following). Multiple contract term lengths (12‑24 months) are offered, with a possible six‑month extension. The procurement follows EDECA regulations and includes extensive compliance documentation (affirmative‑action, anti‑collusion, OFAC, etc.). • Provide electricity to 46 accounts (≈ 50 M kWh/yr) within PSE&G territory. • Submit Stage 1 qualification by Oct 26, 2026 and Stage 2 pricing by Nov 10, 2026 (electronic only). • Offer prices for three product structures, inclusive of NJ sales tax and agent fee, for term options of 12, 17, 21, 24 months (with optional 6‑month extension).

Attached files

Contact

Edie DelVecchio(Associate Vice President, University Procurement and Business Services)

Key dates

Opened
10/16/2026
Questions due
10/26/2026
Closes
11/10/2026
Projected award
11/10/2026
Duration
24 months

Last updated

Details

Type
Invitation for Bid
Industry
Energy and Utilities
NAICS
221110
Solicitation №
Bid No. K26‑10‑14‑3

Budget estimate

$4,000,000 – $12,000,000

The solicitation does not disclose a total contract value, but it notes an annual demand of roughly 50 million kWh. Assuming a market‑based supply price of $0.10‑$0.15 per kWh (inclusive of tax and fees), the annual revenue to the supplier would be approximately $5 million to $7.5 million. With contract terms ranging from 12 to 24 months (and possible 6‑month extensions), the total contract value is likely between $5 million and $15 million. Therefore, a reasonable budget estimate for a winning bidder falls in the low‑single‑digit‑million to low‑teens‑million‑dollar range.

AI estimate from the solicitation

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