Dominion East Ohio Default Service To No Longer Be Sold At Discount To NYMEX Price During 2017-18

Update (2/24): PUCO approved the new SCO at Dominion East Ohio as set in the auction as described below

The Standard Choice Offer auction to set the Retail Price Adjustment (RPA) at Dominion East Ohio for the period April 1, 2017 to March 31, 2018 saw the RPA established as $0.00/Mcf, according to a PUCO Staff auction report.

If approved, the Retail Price Adjustment will be "added" to the NYMEX closing price for the prompt month to set the Standard Choice Offer rate. The Standard Service Offer rate, provided to choice-ineligible customers, will be identical to the SCO rate.

PUCO is to address results of the auction today.

Currently, the Retail Price Adjustment (RPA) at Dominion East Ohio is $(0.05)/Mcf, which means the SCO is priced at a discount to the NYMEX price (and SCO suppliers are essentially "paying" for the right to serve customers).

The SCO auction is a retail auction which assigns specific residential customers to winning suppliers (plus a portion of the residential and non-residential load ineligible for choice, such as Percentage of Income Payment Plan customers) for a one-year term.