Ohio Discloses Winning Bidders From Default Service Auction

The Public Utilities Commission of Ohio (PUCO) has disclosed the winning bidders from the FirstEnergy EDCs’ October 2017 wholesale default service auction that will ultimately determine its standard service offer through May 2021.

As previously reported, the auction, held on Oct. 10, 2017 secured both two and three-year products to supply electricity to FirstEnergy Ohio's utility customers, with delivery starting June 1, 2018

The two-year product auction (16 tranches) resulted in an average clearing price of $48.18 per megawatt-hour (MWh) for the delivery period of June 2018 to May 2020.

The three-year product auction (17 tranches) resulted in an average clearing price of $46.09 per MWh for the delivery period of June 2018 to May 2021.

Winning bidders were as follows:

Term: June 1, 2018 to May 31, 2020    Tranches Won
American Electric Power Service Corporation     5 
ConocoPhillips Company                          1 
DTE Energy Trading, Inc.                        1 
Exelon Generation Company, LLC                  3 
FirstEnergy Solutions Corp.                     1 
NextEra Energy Marketing, LLC                   5 



Term: June 1, 2018 to May 31, 2021    Tranches Won
American Electric Power Service Corporation     0 
ConocoPhillips Company                          0 
DTE Energy Trading, Inc.                        1 
Exelon Generation Company, LLC                  0 
FirstEnergy Solutions Corp.                     4 
NextEra Energy Marketing, LLC                  12