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With PJM Capacity Auctions For 2022 And Later Still Delayed, Utility Suggests Change In Term Of Default Service Products Sought In Auction
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With PJM's base residual capacity auction for the year 2022-23 still delayed, and the auction for 2023-24 likely to be delayed as well, Duke Energy Ohio has suggested to the Public Utilities Commission of Ohio further changes to its default service procurements
As previously reported, PUCO previously issued an order modifying Duke's September 2019 default service procurement, for service starting June 1, 2020, to replace the 36-month contracts (which were originally contemplated to be procured) with 24-month contracts. The change to a 24-month contract avoided procuring supplies related to the period starting June 1, 2022, for which the PJM base residual capacity price is not yet known
Duke suggested a similar change for its upcoming February 2020 default service auction
"[A]bsent a Commission-approved change to the current ESP
auction, the anticipated February 2020 auction will likely be affected by the FERC’s directives
as the May 2019 PJM capacity auction for the 2022/2023 delivery year has not yet occurred, and
a schedule for this and future capacity auctions is not anticipated to be released until March 2020," Duke said
Duke noted that the uncertainties which prompted PUCO's prior change remain today and are likely to persist through most
of 2020 until PJM holds its next BRA, the date of which is presently unknown.
"Duke Energy Ohio suggests that the Commission
could, again, amend the upcoming February 2020 ESP auction to 17% of the load during the period
from June 2020 to May 2022 (not 2023)," Duke said
"Once PJM releases its proposed auction schedule, it may
be necessary to consider additional amendments to Duke Energy Ohio’s auction schedule," Duke said
"If desired by the Commission, Duke Energy Ohio will proceed pursuant to the ESP auction
schedule previously approved in this proceeding, but the Commission may find that uncertainty
as to the applicable PJM rate for a portion of the period covered by the February 2020 ESP auction
warrants modifying the ESP auction schedule. Duke Energy Ohio welcomes guidance from the
Commission on the most prudent course of action for the benefit of customers," Duke said
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January 24, 2020
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Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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