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PUC Discloses Winning Prices From Electricity Default Service Auction

January 29, 2020

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Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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The Public Utilities Commission of Ohio has disclosed the winning prices from a procurement of default service electricity supplies at the FirstEnergy Ohio utilities, for a portion of requirements for various delivery terms starting June 1, 2020

The auction procured 16 tranches of supply for the period June 1, 2020 to May 31, 2021 at a clearing price of $38.65 per MWh. There were 6 winning bidders for this delivery term

The auction procured 17 tranches of supply for the period June 1, 2020 to May 31, 2022 at a clearing price of $42.95 per MWh. There were 5 winning bidders for this delivery term

Prices will be blended with results from prior auctions to set the retail default service rate

There were 13 bidders registered for the auction

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