Ohio Discloses Winning Bidders From Duke Default Service Auction

The Public Utilities Commission of Ohio (PUCO) has disclosed winning bidders from Duke Energy Ohio's fourth wholesale auction that will ultimately determine its retail electric generation service rates through May 2018.

During the 14-round auction, held Nov. 29, 2016, four wholesale suppliers submitted winning bids for 17 tranches of a one-year product to supply electricity to Duke’s customers, which resulted in an average clearing price of $50.20 per megawatt-hour (MWh) for the delivery period of June 1, 2017 to May 31, 2018.

This price will be blended with results from prior procurements to determine default service rates through May 2018.

Winning bidders were:

Bidder                 Tranches Won
AEP Energy Partners, Inc.        3
American Electric  
    Power Service Corporation    4
Direct Energy 
    Business Marketing, LLC      5
Exelon Generation Company, LLC   5