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Ohio Discloses Winning Bidders From FirstEnergy EDCs' October Default Service Auction

October 27, 2016

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

The Public Utilities Commission of Ohio (PUCO) has disclosed the winning bidders from the FirstEnergy EDCs' October wholesale auction that, when blended with other supplies, will ultimately determine its Standard Service Offer through May 2018.

As previously reported, the auction, which procured 16 tranches, resulted in a tranche-weighted average price of winning bids of $49.64 per megawatt-hour (MWh) for the delivery period of June 1, 2017 to May 31, 2018. The results will be blended with previous and future auctions to establish a price-to-compare for FirstEnergy Ohio EDC customers during the delivery period.

Winning bidders were as follows:

Bidder                    Tranches   Tranche-Weighted
                              Won    Average Price to
                                      be Paid ($/MWh)
ConocoPhillips Company          2       $49.65
DTE Energy Trading, Inc.        4       $49.65
Engelhart CTP (US) LLC          1       $49.65
Exelon Generation Company, LLC  4       $49.65
FirstEnergy Solutions Corp.     5       $49.63

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