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Some Winning Prices In PECO Default Service Auction Exceed $100/MWh
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PECO has posted results from its September 2022 procurement of a portion of electric default service supplies for various periods through 2024.
PECO's procurement resulted in weighted average winning bid prices ($/MWh) as follows. All products listed below were fixed-price full requirements
Although the products are not exactly comparable due to different delivery terms, a March 2022 auction at PECO for default service supplies, generally for terms June 2022–May 2023 or June 2022–May 2024 had resulted in winning prices in the $66-74/MWh range
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October 12, 2022
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
Residential
Delivery Period Price Tranches Procured
Dec 2022–Nov 2023 $100.22 12
Dec 2022–Nov 2024 $93.71 9
Each tranche is 1.6% of class load
Small Commercial
Delivery Period Price Tranches Procured
Dec 2022–Nov 2023 $95.37 6
Dec 2022–Nov 2024 $94.81 3
Each tranche is 4.17% of class load
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