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Updated: Columbia Gas Of Ohio Default Service Retail Adder To Decrease 15%
Update, 2/1:
PUCO accepted results of the Columbia Gas auction as described below. The SCO retail price adjustment will be $0.123 per hundred cubic feet (ccf) for the term April 1, 2018 through March 31, 2019 Earlier (1/31):
An auction to determine the Retail Price Adjustment (RPA) for the Standard Choice Offer at Columbia Gas of Ohio resulted in an RPA of $1.23 per Mcf, for the period April 1, 2018 to March 31, 2019.
PUCO is set to address the auction results at today's meeting.
The current RPA at Columbia is $1.45 per Mcf.
The Retail Price Adjustment will be added to the NYMEX closing price for the prompt month to set the Standard Choice Offer rate.
The SCO auction is a retail auction which assigns specific customers to winning suppliers (plus a portion of the load ineligible for choice, such as Percentage of Income Payment Plan customers) for a one-year term.
The 2018-19 auction produced 8 winning bidders from 9 bidders who submitted a bid. Three suppliers won 4 tranches each; one supplier won 2 tranches, and four suppliers won 1 tranche each.
In last year's auction, there were also 8 winning bidders, but there were 10 suppliers which submitted a bid.
The identities of the winning bidders will remain confidential for 15 days.
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January 30, 2018
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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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