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Ohio Adopts Rate Mitigation of Auction Rates at AEP Ohio
The Public Utilities Commission of Ohio has approved an alternative proposal from AEP Ohio to mitigate the impact of the transition to market-based rates on residential customers at Columbus Southern Power (CSP).
Currently, CSP residential customers have a base generation charge rate design in the winter months that includes a charge per kWh for the first 800 kWh used in a month but includes no base generation charge for any kWh above 800 kWh. Under AEP Ohio's originally proposed new rate design associated with the phase-in of market-based rates, all kWh below and above 800 kWh per month would be charged the same kWh charge. "Based on the January 10, 2014 AEP filing, these customers could experience significant increases on their winter bills as a result of the rate design of the new Capacity Rider that will be phased in from April 1, 2013 [sic] through January 1, 2015," PUCO Staff had said.
To mitigate the significant increases that may occur as a result, on February 13, 2014, AEP Ohio filed an alternative rate design for the Capacity Rider for the Commission's consideration that would reduce the impacts on the CSP residential winter customers.
Under this alternative, which was adopted by PUCO, CSP residential customers will be charged lower tail block rates (over 800 kWh) during the winter months, during the period in which 60% and 100% of SSO is served under auction-based supply (November 2014 to May 2015).
Specifically, under the original proposal, CSP RR and RR1 residential customers would have paid $0.010530/kWh under the bypassable Generation Capacity Rider from November 2014 to December 2014, and $0.017550/kWh from January 2015 to May 2015, for all kWh.
Under the adopted alternative proposal, CSP RR and RR1 residential customers will be charged $0.015096/kWh under the bypassable Generation Capacity Rider for the first 800 kWh, and $0.001755/kWh for usage above 800 kWh, from November 2014 to December 2014
Under the adopted alternative, CSP RR and RR1 residential customers will be charged $0.024856/kWh under the bypassable Generation Capacity Rider for the first 800 kWh, and $0.003510/kWh for usage above 800 kWh, from January 2015 to May 2015
Additionally, PUCO adopted Staff's recommendation that AEP Ohio should continue to offer certain existing time-based rates under the current electric security plan. Staff had supported AEP Ohio's offering of the time-based rates, including time-based generation rates, until the retail market matures.
PUCO otherwise adopted without modification AEP Ohio's proposal to blend tariffed generation rates with auction-sourced SSO rates.
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March 20, 2014
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Copyright 2010-13 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com
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