HomeApril 13, 2017
Under Supplemental Auction, PUC Awards To Retail Supplier 51% of Certain Low-Income Customer Load
Copyright 2017 EnergyChoiceMatters.com.
The Public Utilities Commission of Ohio has awarded, to a retail electric supplier, 51% of the load of Duke Energy Ohio's electricity Percentage of Income Payment Plan (PIPP) for the term June 1, 2017 through May 31, 2018
As previously reported, an initial auction to award 51% of such PIPP load did not result in any conforming bids. In the original RFP, retail suppliers had to beat the SSO benchmark price of $49.74 per MWh
Per the program design, if no CRES provider submits a bid to serve the PIPP load for less than the SSO benchmark, then a supplemental RFP auction is conducted where CRES providers may submit bids to serve the PIPP load at any price.
In the supplemental auction, at least one bidder submitted a conforming bid
PUCO accepted results of the supplemental auction
PUCO found that the winning "bidder" and winning bid price shall remain confidential until all of the scheduled RFP auctions for the delivery year beginning June 1, 2017 have been completed
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