Energy Choice
                            

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Ohio Adopts Pricing From FirstEnergy EDCs' Default Service Auction

April 15, 2016

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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The Public Utilities Commission of Ohio (PUCO) accepted the results of FirstEnergy Ohio utilities' wholesale auction that will ultimately determine its standard service offer through May 31, 2019.

The auction procured 12, 24, and 36 month SSO products.

The one-year product (16 tranches) resulted in an average clearing price of $48.46 per megawatt-hour (MWh) for the delivery period of June 1, 2016 to May 31, 2017.

The two-year product (17 tranches) resulted in an average clearing price of $49.36 per MWh for the delivery period of June 1, 2016 to May 31, 2018.

The three-year product (17 tranches) resulted in an average clearing price of $50.49 per MWh for the delivery period of June 1, 2016 to May 31, 2019.

There were six winning bidders overall

The names of the winning bidders will remain confidential for 21 days.

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