Retail Price Adjustment (Adder) For Standard Choice Offer Customers At Vectren 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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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