Updated: Dominion East Ohio To See Return Of Price Adder To Default Service Rates For 2018-19 Term

Update, 2/8:

PUCO accepted the results of the auction as discussed below and authorized a Retail Price Adjustment (RPA) of $0.07/Mcf at Dominion East Ohio (now d/b/a Dominion Energy Ohio) for the period April 1, 2018 to March 31, 2019

Earlier:

The Standard Choice Offer auction to set the Retail Price Adjustment (RPA) at Dominion East Ohio (now d/b/a Dominion Energy Ohio) for the period April 1, 2018 to March 31, 2019 saw the RPA established as $0.07/Mcf, according to a PUCO Staff auction report.

If approved, the Retail Price Adjustment will be added to the NYMEX closing price for the prompt month to set the Standard Choice Offer rate. The Standard Service Offer rate, provided to choice-ineligible customers, will be identical to the SCO rate.

The $0.07/Mcf RPA resulted from the auction proceeding to the sealed bid round

PUCO is to address results of the auction today.

Currently, the Retail Price Adjustment (RPA) at Dominion East Ohio is $0.00/Mcf (effectively no adder) for the 2017-18 term, which followed a 2016-17 RPA which had resulted in an adder which was actually a discount to NYMEX prices [$(0.05)/Mcf].

The SCO auction is a retail auction which assigns specific residential customers to winning suppliers (plus a portion of the residential and non-residential load ineligible for choice, such as Percentage of Income Payment Plan customers) for a one-year term.