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Update: PUC Approves Results From Default Service Auction
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PUCO approved the auction results, including an average clearing price of $47.92 per megawatt-hour (MWh) for the delivery period of June 2019 through May 2020, as discussed below. The results will be blended with previous auctions to help determine the price-to-compare for customers at the FirstEnergy Ohio EDCs during the delivery period.
Earlier:
The Public Utilities Commission of Ohio has posted results from a January 28, 2019 auction to procure a portion of electricity default service supplies at the FirstEnergy Ohio EDCs for the period June 1, 2019 - May 31, 2020
The January 28 auction resulted in a tranche-weighted average price of winning bids of $47.92 per MWh, for the delivery period June 1, 2019 - May 31, 2020
The auction procured 17 tranches of supply
There were 3 winning bidders in the auction
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Earlier: PUC Reports Results From Default Service Auction
January 30, 2019
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Reporting by Paul Ring • ring@energychoicematters.com
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