PECO Posts Results From September 2016 Default Service Procurement

PECO has posted results from its September 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
Dec 2016–Nov 2017    $55.53      12
Dec 2016–Nov 2018    $56.33       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 December 2016 to November 2017 at a weighted average winning bid price of $54.20/MWh