Columbia Gas Of Ohio Default Service Retail Adder To Decrease
January 29, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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A January 28 auction to determine the Retail Price Adjustment (RPA) for the Standard Choice Offer at Columbia Gas of Ohio resulted in an RPA of $1.07 per Mcf, for the period April 1, 2020 to March 31, 2021 ($0.107 per ccf.).
PUCO is set to address the auction results at today's meeting.
The current RPA at Columbia is $1.18 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.
Sixteen tranches were available in the auction, with a supplier limited to bidding on a maximum of four tranches.
The January 2020 Columbia SCO auction produced 5 winning bidders from 9 bidders who submitted a bid.
In the January 2020 auction, three suppliers won 4 tranches each; one supplier won 3 tranches, and one supplier won a single tranche.
The identities of the winning bidders will remain confidential for 15 days.
For comparison, in the January 2019 auction, there had been 6 winning bidders, with three suppliers winning 4 tranches each, one supplier winning 3 tranches, and two suppliers winning 1 tranche each.