HomeDecember 21, 2017
PUC Discloses Winning Suppliers From Default Service Auction
Copyright 2017 EnergyChoiceMatters.com.
The Public Utilities Commission of Ohio (PUCO) has disclosed the winning suppliers from AEP Ohio’s November 2017 wholesale auction that will, when blended with other auction results, determine the utility's default generation rates beginning June 1, 2018.
As previously reported, the auction, held on Nov. 28, 2017 secured one-, two- and three-year products to supply electricity to AEP Ohio’s utility customers. The results will be blended with future auctions to establish a price-to-compare for AEP Ohio’s customers during the delivery period.
The one-year product auction (17 tranches) resulted in seven winning bidders and an average clearing price of $52.39 per megawatt-hour (MWh) for the delivery period of June 1, 2018 to May 31, 2019.
The two-year product auction (17 tranches) resulted in five winning bidders and an average clearing price of $49.32 per MWh for the delivery period of June 1, 2018 to May 31, 2020.
The three-year product auction (16 tranches) resulted in five winning bidders and an average clearing price of $47.27 per MWh for the delivery period of June 1, 2018 to May 31, 2021.
Winning bidders by term were:
June 1, 2018 to May 31, 2019 Bidder Tranches Won AEP Energy Partners, Inc. 3 BP Energy Company 4 DTE Energy Trading, Inc. 2 Exelon Generation Company, LLC 4 FirstEnergy Solutions Corp. 1 NextEra Energy Marketing, LLC 2 Vitol Inc. 1 June 1, 2018 to May 31, 2020 Bidder Tranches Won AEP Energy Partners, Inc. 3 BP Energy Company 4 Exelon Generation Company, LLC 7 FirstEnergy Solutions Corp. 1 Vitol Inc. 2 June 1, 2018 to May 31, 2021 Bidder Tranches Won AEP Energy Partners, Inc. 4 BP Energy Company 2 Exelon Generation Company, LLC 5 FirstEnergy Solutions Corp. 3 Vitol Inc. 2
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