Retail Supplier To Serve Default Service Load At Utility For First Time

Public Power LLC, a retail supplier, was among the winning suppliers in the April 11 wholesale auction to procure a portion of Standard Service Offer supplies at Dayton Power & Light for the period beginning June 1, 2017

As non-winning bidders are not disclosed, Public Power LLC's past participation (if any) in default service auctions is unclear, this is the first time Public Power LLC has been awarded a portion of SSO load at Dayton Power & Light

As previously reported, the April 11 auction, which procured 12, 24, and 36-month contracts, resulted in the following prices (which will be blended from prices from a later April 24 auction):

• 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

Winning bidders from the DP&L April 11 auction were as follows (total tranches won and tranches by year shown):

Total -- All Delivery Periods
Winning Bidder           Tranches Won
AEP Energy Partners, Inc.          6
American Electric Power 
  Service Corporation              2
Exelon Generation Company, LLC    13
FirstEnergy Solutions Corp.        5
NextEra Energy Marketing, LLC     21
Public Power LLC                   3 


June 1, 2017 to May 31, 2018
Winning Bidder           Tranches Won
AEP Energy Partners, Inc.          3
American Electric Power 
  Service Corporation              2
Exelon Generation Company, LLC     2
FirstEnergy Solutions Corp.        1
NextEra Energy Marketing, LLC      5
Public Power LLC                   3


June 1, 2017 to May 31, 2019
Winning Bidder           Tranches Won
AEP Energy Partners, Inc.          2
Exelon Generation Company, LLC     4
FirstEnergy Solutions Corp.        1
NextEra Energy Marketing, LLC     10


June 1, 2017 to May 31, 2020
Winning Bidder           Tranches Won
AEP Energy Partners, Inc.          1
Exelon Generation Company, LLC     7
FirstEnergy Solutions Corp.        3
NextEra Energy Marketing, LLC      6