New Prices Announced for PECO Default Service Supplies

PECO has posted results from its September procurement of a portion of electric default service supplies for various periods through 2015.

For residential electric default service, PECO's procurement resulted in weighted average winning bid prices ($/MWh) as follows:

Delivery Period         Price      Tranches Procured
Dec 2013–Nov 2014      $64.89             10
Dec 2013–May 2015      $62.67              7
Jan 2014–May 2015      $62.64              7

Each tranche is 1.6% of class load

For small commercial service, PECO procured 12 tranches, each representing 4.17% of class load, for the period December 2013 to November 2014 at a weighted average winning bid price of $68.57/MWh

For medium commercial service, PECO procured 12 tranches, each representing 8.33% of class load, for the period December 2013 to May 2014 at a weighted average winning bid price of $65.96/MWh