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SOS Auction Sees "Record Low" Pricing, Residential Prices Fall 20% vs. Replaced Contracts
Delmarva's latest auction for electricity Standard Offer Service (SOS) in Delaware saw "record lows" in pricing for all customer classes, a consultant said in an auction report
Residential and Small C&I prices (RSCI) for the auctions held during 2016-17 (for delivery starting January 1, 2017) were 20% lower than prices for tranches from the 2013-2014 auction, which are being replaced
The Delmarva 2016-2017 SOS RFP, for one-third of residential and small commercial (RSCI) supplies for the 36-month period beginning June 1, 2017 and 100% of medium and large commercial (MGS, LGS, and GS-P) supplies for the 12-month period beginning June 1, 2017, resulted in load weighted average clearing prices as follows ($/MWh):
Prices do not reflect transmission, the procurement cost adjustment, renewable portfolio costs, and the reasonable allowance for retail margin.
In contrast, results from the 2013-14 RFP, whose contracts are being replaced (for mass market customers), and 2015-16 RFP are below ($/MWh):
The 2016-17 residential/small commercial price of $58.21/MWh will be blended with the existing portfolio, with one-third of supply at the new price, one-third at the 2014-15 price of $82.18/MWh, and one-third at the 2015-16 price of $63.60/MWh
The 2016-17 RFP saw six bidders participate. The winning bidders from the 2016-17 procurement were DTE, Exelon, and TransCanada
The percent of load, by customer class, to be served by each supplier for the 2017-18 delivery year is below (including suppliers winning tranches in prior-year auctions for a portion of 2017-18 small customer load):
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March 6, 2017
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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
Customer Type 2016-17 RFP
RSCI $58.21
MGS $54.70
LGS $51.71
GS-P $50.20
Customer Type 2013-14 RFP 2015-16 RFP
RSCI $74.48 $63.60
MGS N/A $57.35
LGS N/A $55.14
GS-P N/A $55.82
Supplier RSCI MGS LGS GS-P
BTG Pactual 6.6%
DTE 13.0%
Exelon 35.1% 100% 100% 100%
TransCanada 45.3%
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