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PUC Reports Pricing From Default Service Auction
The Public Utilities Commission of Ohio (PUCO) accepted the results of Duke Energy Ohio’s wholesale auction that will, when blended with other auctions, determine its retail default service generation rates starting June 1, 2018 through May 2021.
The auction held Feb. 20, 2018 secured one-, two- and three-year products to supply electricity to Duke Energy Ohio's SSO customers.
The one-year product auction resulted in two winning bidders and an average clearing price of $52.06 per megawatt-hour (MWh) for the delivery period of June 2018 through May 2019.
The two-year product auction resulted in five winning bidders and an average clearing price of $49.27 per megawatt-hour (MWh) for the delivery period of June 2018 through May 2020.
The three-year product auction resulted in four winning bidders and an average clearing price of $48.75 per megawatt-hour (MWh) for the delivery period of June 2018 through May 2021.
The results from this auction will be blended with future auctions to determine Duke’s price-to-compare for the delivery period of June 1, 2018 through May 31, 2021.
The names of the winning bidders will remain confidential for 21 days.
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February 22, 2018
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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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