PECO Posts Prices From Default Service Procurement

PECO has posted results from its March 2015 procurement of a portion of electric default service supplies for various periods through 2017.

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

Delivery Period          Price      Tranches Procured
June 2015–Nov 2015      $60.75              11
June 2015–May 2016      $65.93              14
June 2015–Nov 2016      $64.52               2
June 2015–May 2017      $66.43               9

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 June 2015 to May 2016 at a weighted average winning bid price of $68.60/MWh

For medium commercial service, PECO procured 12 tranches, each representing 8.33% of class load, for the period June 2015 to November 2015 at a weighted average winning bid price of $57.65/MWh

PECO expects to post its June 1, 2015 actual Price to Compare by April 17, 2015