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PECO Posts Prices From Default Service Auction

March 29, 2018

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

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PECO has posted results from its March 2018 procurement of a portion of electric default service supplies for various periods through 2020.

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

Delivery Period        Price      Tranches 
                                  Procured
June 2018–May 2019    $60.06         12
June 2018–May 2020    $53.49          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
June 2018–May 2019    $56.92          6
June 2018–May 2020    $50.66          3

Each tranche is 4.17% of class load

For medium and large C&I service, the auction resulted in a weighted average price adder (to hourly PJM prices) of $2.24/MWh for the term June 2018 to May 2019

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