HomeFebruary 6, 2014
Columbia Default Service Retail Adder Increases 11¢/Mcf
Copyright 2014 EnergyChoiceMatters.com.
The Public Utilities Commission of Ohio has approved a Retail Price Adjustment resulting from Columbia Gas' Standard Choice Offer auction, for default service for the period April 1, 2014 to March 31, 2015.
The SCO auction for the April 1, 2014 to March 31, 2015 term resulted in a Retail Price Adjustment of $1.40 per Mcf, versus the current Retail Price Adjustment of $1.29 per Mcf.
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.
The auction produced five winning bidders among 7 participants. Three suppliers won four tranches each, and two suppliers won two tranches each.
There were six winning bidders in the year-ago auction.
Winning bidders will remain confidential for 15 days.
The SCO auction was conducted by World Energy Solutions, Inc.
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