Energy Choice
                            

Matters

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

January 16, 2019

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Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com

Vectren Energy Delivery of Ohio's Standard Choice Offer auction conducted on January 15, 2019 resulted in a Retail Price Adjustment of $0.85 per Mcf for the period April 1, 2019 through March 31, 2020 ($0.085 per ccf)

PUCO is to consider the auction results at its meeting today

The current Retail Price Adjustment is $0.87 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, 2019 through March 31, 2020 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.

Six bidders made bids in the auction, versus seven bidders in the year-ago auction.

The auction proceeded to a sealed bid round.

There were three winning bidders in the January 2019 auction, with each supplier winning 3 tranches each

Identities will remain confidential for 15 days.

For comparison, 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

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