Vectren Ohio Default Service Retail Adder Set To Decrease On April 1 -- EnergyChoiceMatters.com

Vectren Ohio Default Service Retail Adder Set To Decrease On April 1

January 24, 2023

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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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Vectren Energy Delivery of Ohio's (CenterPoint Energy Ohio) Standard Choice Offer auction conducted on January 23, 2023 resulted in a Retail Price Adjustment (RPA) of $1.00 per Mcf for the period April 1, 2023 through March 31, 2024.

That's marginally lower than the current RPA of $1.07 per Mcf

The auction results remain subject to approval at PUCO's meeting on Wednesday

Under the SCO auction, winning suppliers will directly serve non-shopping, choice-eligible customers won through the auction for the period April 1, 2023 through March 31, 2024 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.

The 2023 auction, which had six bidders, proceeded to a sealed bid round, with four winning bidders. There were four winning bidders in the year-ago auction as well

In the 2023 auction, two suppliers won three tranches each; one supplier won two tranches; and one supplier won one tranche.

Winning bidder identities will remain confidential for approximately 15 days.

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