Ohio Reports Price From DP&L Default Service Auction

The Public Utilities Commission of Ohio (PUCO) accepted the results of Dayton Power & Light Company’s (DP&L) April 24 SSO wholesale auction, the second in a series of wholesale auctions that will ultimately determine its standard service offer through May 2020.

During the auction, held April 24, 2017, suppliers submitted bids on one-, two- and three-year products to supply electricity to DP&L’s customers.

The one-year product resulted in an average clearing price of $51.41 per megawatt-hour (MWh) for the delivery period of June 1, 2017 to May 31, 2018, with 16 tranches procured

The two-year product resulted in an average clearing price of $50.89 per MWh for the delivery period of June 1, 2017 to May 31, 2019, with 17 tranches procured

The three-year product resulted in an average clearing price of $48.77 per MWh for the delivery period of June 1, 2017 to May 31, 2020, with 17 tranches procured

The results will be blended with previous and future auctions to establish a price-to-compare for DP&L’s customers during the delivery periods.

An earlier auction held on April 11 had resulted in the following prices, which will be blended with the prices above:

• The one-year product resulted in an average clearing price of $51.45 per megawatt-hour (MWh) for the delivery period of June 1, 2017 to May 31, 2018, with 16 tranches procured

• The two-year product resulted in an average clearing price of $50.91 per MWh for the delivery period of June 1, 2017 to May 31, 2019, with 17 tranches procured

• The three-year product resulted in an average clearing price of $48.65 per MWh for the delivery period of June 1, 2017 to May 31, 2020, with 17 tranches procured

The names of the winning bidders from the April 24 auction will remain confidential for 21 days.