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Ohio Discloses Winning Standard Choice Offer Suppliers At Vectren
The Public Utilities Commission of Ohio has disclosed the winning bidders from the Vectren Energy Delivery of Ohio Standard Choice Offer auction for the period April 1, 2017 through March 31, 2018.
As previously reported, the 2017-18 Vectren SCO auction resulted in a Retail Price Adjustment of $1.00 per Mcf ($0.10 per ccf).
Under the SCO auction, winning suppliers will directly serve non-shopping, choice-eligible customers won through the auction for the period April 1, 2017 through March 31, 2018 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.
Winning suppliers as reported to PUCO were:
• DTE Gas Supply (3 tranches)
• Constellation NewEnergy (3 tranches)
• SouthStar d/b/a Ohio Natural Gas (2 tranches)
• IGS Energy (1 tranche)
Nine tranches of customers were available in the auction, and bidders were limited to winning a maximum of three tranches.
Six bidders made bids in the auction, versus five bidders in the year-ago auction.
Last year's auction also produced four winning bidders.
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February 6, 2017
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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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