Default Service Price Adder At Dominion East Ohio Increasing 20% For 2022-23
February 9, 2022 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, 2022 to March 31, 2023 resulted in an RPA of $0.18/Mcf, which is a 20% increase from the current RPA of $0.15/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 Standard Service Offer rate, provided to choice-ineligible customers, will be identical to the SCO rate.
The 2022-23 $0.18/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 9 bidders in the auction. Six bidders submitted bids in the sealed-bid round and were awarded tranches.
Bidders were limited to bidding on a maximum of three tranches
The names of the winning bidders will remain confidential for 15 days