HomeJanuary 21, 2016
Columbia Gas Default Service Retail Adder to Increase 11%
Copyright 2016 EnergyChoiceMatters.com.
An auction to determine the Retail Price Adjustment (RPA) for the Standard Choice Offer at Columbia Gas in Ohio resulted in an RPA of $1.43 per Mcf, an 11% increase, for the period April 1, 2016 to March 31, 2017.
PUCO approved the auction results at yesterday's meeting.
The current RPA at Columbia is $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 2016-17 auction produced 6 winning bidders among 7 active participants. Three suppliers won 4 tranches each; one supplier won 2 tranches, and two suppliers won 1 tranche.
In last year's auction, the auction produced five winning bidders among 7 participants. Three suppliers won four tranches each; one supplier won three tranches, and one supplier won two tranches.
Winning bidders will remain confidential for 15 days.
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