Columbia Gas Of Ohio Default Service Retail Adder To Decrease On April 1
January 26, 2022 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
The following story is brought free of charge to readers byEC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
A January 26 auction to determine the Retail Price Adjustment (RPA) for the Standard Choice Offer at Columbia Gas of Ohio resulted in an RPA of $1.65 per Mcf, for the period April 1, 2022 to March 31, 2023
That's lower than the current RPA of $1.70 per Mcf, but still elevated from the 2020-21 RPA of $1.07 per Mcf
PUCO has approved the results of the auction
In a post-auction report, PUCO Staff noted the potential impact of a TC Energy FERC Rate Case on the SCO Auction
"On July 31, 2020, TC Energy Corporation (TC Energy) filed a Rate Case at FERC. In its filing TC Energy proposed an overall increase of approximately seventy-eight percent for the transmission and storage assets that could have an impact on Columbia’s system. The rate proposed by TC Energy became effective on February 1, 2021. On November 16, 2021 the FERC issued an Order for the interim settlement rates to be implemented on December 1, 2021 with a FERC decision expected in mid-2022. Prior to the auction, it was anticipated that the TC Energy rate charges could impact the RPA for the Columbia’s 2022 auction which was held on January 25, 2022. Below are the results of this year’s auction," Staff said
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.
There were six winning bidders in the 2022 auction, versus five in the year-ago auction.
Winning bidders will be kept confidential for a period of 15 days