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PECO Posts Prices From Default Service Procurement

October 12, 2017

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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

PECO has posted results from its September 2017 procurement of a portion of electric default service supplies for various periods through 2019.

For residential electric default service, PECO's procurement resulted in weighted average winning bid prices ($/MWh) as follows:

Delivery Period       Price      Tranches
                                 Procured
Dec 2017–Nov 2018    $55.20         12
Dec 2017–Nov 2019    $53.73          9

Each tranche is 1.6% of class load

For small commercial electric default service, PECO's procurement resulted in weighted average winning bid prices ($/MWh) as follows:

Delivery Period       Price      Tranches
                                 Procured
Dec 2017–Nov 2018    $51.59          9
Dec 2017–Nov 2019    $50.06          3

Each tranche is 4.17% of class load

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