Columbia Gas Of Ohio Default Service Retail Adder Set To Increase Nearly 10% On April 1
January 24, 2023 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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A January 24 auction to determine the Retail Price Adjustment (RPA) for the Standard Choice Offer at Columbia Gas of Ohio resulted in an RPA of $1.80 per Mcf, for the period April 1, 2023 to March 31, 2024
That's almost 10% higher than the current RPA of $1.65 per Mcf
The auction results remain subject to approval at PUCO's meeting on Wednesday
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 2023 auction, the same amount as in the year-ago auction.
In the 2023 auction, two suppliers won 4 tranches each, while four suppliers each won 2 tranches.
Winning bidders will be kept confidential for a period of approximately 15 days