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PUCO Discloses Prices From Default Service Auction

September 27, 2018

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

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The Public Utilities Commission of Ohio (PUCO) accepted the results of Duke Energy Ohio’s default service wholesale auction that will, when blended with other procurements, determine its default retail generation rates from June 2019 through May 2022.

The auction held Sept. 25, 2018 secured 16 tranches of a three-year product to supply electricity to Duke Energy Ohio’s SSO customers, resulting in an average clearing price of $47.66 per megawatt-hour for the delivery period of June 1, 2019 through May 31, 2022.

The results from this auction will be blended with previous and future auctions to help determine Duke’s price-to-compare for the delivery period of June 1, 2019 through May 31, 2022.

There were three winning bidders and eight registered bidders in the auction

The names of the winning bidders will remain confidential for 21 days.

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