|
|
|
|
Retail Price Adjustment (Adder) For Standard Choice Offer Customers At Vectren To Decrease
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
Vectren Energy Delivery of Ohio's Standard Choice Offer auction conducted on January 27, 2020 resulted in a Retail Price Adjustment of $0.75 per Mcf for the period April 1, 2020 through March 31, 2021 ($0.075 per ccf)
PUCO is to consider the auction results at its meeting today
The current Retail Price Adjustment is $0.85 per Mcf
Under the SCO auction, winning suppliers will directly serve non-shopping, choice-eligible customers won through the auction for the period April 1, 2020 through March 31, 2021 at a price equal to the Retail Price Adjustment, fixed for the 12-month term, plus the NYMEX prompt month settlement price for gas. Winning bidders also provide a proportional share of the volumes required to serve choice-ineligible customers under Default Sales Service.
Nine tranches of customers were available in the auction, and bidders were limited to winning a maximum of three tranches.
Seven bidders made bids in the auction, versus six bidders in the year-ago auction.
There were four winning bidders in the January 2020 Vectren SCO auction
In the January 2020 auction, two bidders won 3 tranches each, one bidder won 2 tranches, and one bidder won a single tranche.
Winning bidder identities will remain confidential for 15 days.
For comparison, in the January 2019 auction, there were three winning bidders, with each supplier winning 3 tranches each
ADVERTISEMENT Copyright 2010-20 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
January 29, 2020
Email This Story
Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Senior Consultant - Competitive Energy Markets -- Houston
• NEW! -- Channel Relations Manger -- Retail Supplier
• NEW! -- Customer Service Representative -- Retail Supplier
• NEW! -- Renewables and Energy Trader -- Retail Supplier
|
|
|