Update: PUCO Approves Decrease In Columbia Gas Of Ohio Default Service Retail Adder
Earlier: Columbia Gas Of Ohio Default Service Retail Adder To Decrease
January 30, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
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Update, 1/31: PUCO approved the auction results and a retail price adjustment (RPA) of $0.118 per hundred cubic feet (ccf) for Columbia’s SCO customers for the period April 1, 2019 through March 31, 2020, as discussed below.
An auction to determine the Retail Price Adjustment (RPA) for the Standard Choice Offer at Columbia Gas of Ohio resulted in an RPA of $1.18 per Mcf, for the period April 1, 2019 to March 31, 2020 ($0.118 per ccf.).
PUCO is set to address the auction results at today's meeting.
The current RPA at Columbia is $1.23 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 2019-20 auction produced 6 winning bidders from 11 bidders who submitted a bid. Three suppliers won 4 tranches each; one supplier won 3 tranches, and two suppliers won 1 tranche each.
The identities of the winning bidders will remain confidential for 15 days.
In last year's auction, there were 8 winning bidders from 9 bidders who submitted a bid. In last year's auction, three suppliers won 4 tranches each; one supplier won 2 tranches, and four suppliers won 1 tranche each.