PECO Posts Results From March 2016 Default Service Procurement

PECO has posted results from its March 2016 procurement of default service electricity supplies

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

Delivery Period      Price    Tranches Procured
Jun 2016–May 2017    $50.81        12
Jun 2016–May 2018    $51.76         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 2016 to May 2017 at a weighted average winning bid price of $49.79/MWh