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Updated: PUC Approves Price From Default Service Auction

PUC Reports Price From Default Service Auction


February 27, 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

Updated, 2/28. PUCO approved the results of the auction which were described below:

Earlier:

The Public Utilities Commission of Ohio has posted results from a February 26, 2019 auction to procure a portion of electricity default service supplies at Duke Energy Ohio for the period June 1, 2019 - May 31, 2022

The February 26 auction resulted in a tranche-weighted average price of winning bids of $48.12 per MWh, for the delivery period June 1, 2019 - May 31, 2022

The auction procured 16 tranches of supply

There were 2 winning bidders in the auction

PUCO is to consider results of the auction at today's meeting

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