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PECO Posts Winning Prices From March 2023 Default Service Auction
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PECO has posted results from its March 2023 procurement of a portion of electric default service supplies for various periods through 2025.
PECO's procurement resulted in weighted average winning bid prices ($/MWh) as follows. All products listed below were fixed-price full requirements
Winning prices from March were well below the approximately $95-$100 per MWh prices from a fall 2022 auction for overlapping delivery periods.
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March 29, 2023
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
Residential
Delivery Period Price Tranches Procured
June 2023–May 2024 $70.13 12
June 2023–May 2025 $74.34 11
Each tranche is 1.6% of class load
Small Commercial
Delivery Period Price Tranches Procured
June 2023–May 2024 $64.91 6
June 2023–May 2025 $69.02 3
Each tranche is 4.17% of class load
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