Energy Choice
                            

Matters

Archive

Daily Email

Events

 

 

 

About/Contact

Search

Retail Price Adjustment for Standard Choice Offer Customers at Vectren to Increase

January 14, 2015

Email This Story
Copyright 2010-15 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com

Update: PUCO accepted the Vectren SCO RPA as set in the auction as described below


Vectren Energy Delivery of Ohio's Standard Choice Offer auction conducted on January 13, 2015 resulted in a Retail Price Adjustment of $1.15 per Mcf for the period April 1, 2015 through March 31, 2016.

PUCO is to address approval of the auction results today.

The current Retail Price Adjustment is $1.05 per Mcf.

Under the SCO auction, winning suppliers will directly serve non-shopping, choice-eligible customers won through the auction for the period April 1, 2015 through March 31, 2016 at a price equal to the Retail Price Adjustment, fixed for the 12-month term, plus the NYMEX prompt month settlement price for gas. Winning bidders also provide a proportional share of the volumes required to serve choice-ineligible customers under Default Sales Service.

Nine tranches of customers were available in the auction, and bidders were limited to winning a maximum of three tranches. Seven bidders participated in the auction, which is the same number that participated in the year-ago auction.

There were five winning bidders in the January 2015 auction, with two suppliers winning 3 tranches each, and three suppliers serving 1 tranche each.

Identities will remain confidential for 15 days.

Last year's auction also produced five winning bidders.

World Energy Solutions conducted the descending clock auction

ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com:
NEW! -- Regional Sales Manager-Mass Markets -- Retail Supplier -- Houston
NEW! -- Accounts Management Director -- Retail Supplier
NEW! -- Digital Marketing Manager -- Retail Supplier
NEW! -- Director, Business Development Power & Gas -- Retail Supplier
NEW! -- Business Development Manager -- Retail Supplier -- Houston/DFW
NEW! -- Energy Advisor
NEW! -- Manager-Retail Key Account Sales -- Retail Supplier
NEW! -- Energy Advisor -- DFW
Business Development Director
Scheduling/Business Analyst -- Retail Provider
Staff Accountant -- Retail Provider -- Houston
Regional Sales Manager -- Retail Provider -- PA/IL/New England/Texas
Sr. Pricing Analyst -- Retail Provider -- Houston
Senior Energy Markets Pricing Analyst
Utility Rules Analyst -- Retail Supplier

Email This Story

HOME

Copyright 2010-15 Energy Choice Matters.  If you wish to share this story, please email or post the website link; unauthorized copying, retransmission, or republication prohibited.

 

Archive

Daily Email

Events

 

 

 

About/Contact

Search