HomeFebruary 11, 2015
Retail Adder At Dominion East Ohio Plummets to Nearly $0/Mcf
Copyright 2015 EnergyChoiceMatters.com.
The Standard Choice Offer auction to set the Retail Price Adjustment (RPA) at Dominion East Ohio for the period April 1, 2015 to March 31, 2016 saw the RPA plummet to a mere $0.02/Mcf.
PUCO is to address results of the auction today.
The current Dominion East Ohio RPA is $0.43 per Mcf, which had previously been the lowest RPA in the history of the auction
If approved, the Retail Price Adjustment will be added to the NYMEX closing price for the prompt month to set the Standard Choice Offer rate. The Standard Service Offer rate, provided to choice-ineligible customers, will be identical to the SCO rate.
The SCO auction is a retail auction which assigns specific residential customers to winning suppliers (plus a portion of the residential and non-residential load ineligible for choice, such as Percentage of Income Payment Plan customers) for a one-year term.
The 2015 auction saw five winning bidders, with two bidders winning three tranches each, two winning two tranches each, and one bidder winning a single tranche. Eight bidders participated in the auction.
The SCO auction was conducted by World Energy Solutions, Inc.
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