Ohio Approves 2021-22 Default Service Price Adder At Dominion East Ohio
February 10, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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The Standard Choice Offer auction to set the Retail Price Adjustment (RPA) at Dominion East Ohio (now d/b/a Dominion Energy Ohio) for the period April 1, 2021 to March 31, 2022 resulted in an RPA of $0.15/Mcf, which is the same level as the current RPA.
The Retail Price Adjustment will be added to the NYMEX closing price for the prompt month to set the Standard Choice Offer rate. The Standard Service Offer rate, provided to choice-ineligible customers, will be identical to the SCO rate.
The 2021-22 $0.15/Mcf RPA, which has been approved by PUCO, resulted from the auction proceeding to the sealed bid round
The SCO auction is a retail auction which assigns specific residential customers to winning suppliers (plus a portion of the residential and non-residential load ineligible for choice, such as Percentage of Income Payment Plan customers) for a one-year term.
There were 10 bidders in the auction. Five bidders submitted bids in the sealed-bid round; 10 tranches will be pro-rated among such bidders.
Bidders were limited to bidding on a maximum of three tranches