Energy Choice
                            

Matters

Retail Price Adjustment for Standard Choice Offer Customers at Vectren to Decrease 13%

January 17, 2018

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

Vectren Energy Delivery of Ohio's Standard Choice Offer auction conducted on January 16, 2018 resulted in a Retail Price Adjustment of $0.87 per Mcf for the period April 1, 2018 through March 31, 2019 ($0.087 per ccf).

The auction results were approved by PUCO

The current Retail Price Adjustment is $1.00 per Mcf.

Under the SCO auction, winning suppliers will directly serve non-shopping, choice-eligible customers won through the auction for the period April 1, 2018 through March 31, 2019 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.

Nine tranches of customers were available in the auction, and bidders were limited to winning a maximum of three tranches.

Seven bidders made bids in the auction, versus six bidders in the year-ago auction.

There were five winning bidders in the January 2018 auction, with two suppliers winning 3 tranches each, and with three suppliers winning 1 tranche each

Identities will remain confidential for 15 days.

Last year's auction produced four winning bidders.

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