HomeMarch 1, 2018
PUC Reports Pricing From Default Service Auction
Copyright 2018 EnergyChoiceMatters.com.
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
The Public Utilities Commission of Ohio (PUCO) has accepted the results of Duke Energy Ohio’s wholesale auction that will determine SSO retail generation rates through May 2021.
The auction held Feb. 27, 2018 secured one-, two- and three-year products to supply electricity to Duke Energy Ohio's default service customers.
The one-year product auction resulted in four winning bidders and an average clearing price of $52.87 per megawatt hour (MWh) for the delivery period of June 2018 through May 2019.
The two-year product auction resulted in four winning bidders and an average clearing price of $49.48 per megawatt hour (MWh) for the delivery period of June 2018 through May 2020.
The three-year product auction resulted in three winning bidders and an average clearing price of $49.71 per megawatt hour (MWh) for the delivery period of June 2018 through May 2021.
The results from this auction will be blended with previous and future auctions to determine Duke’s price-to-compare for the delivery period of June 1, 2018 through May 31, 2021.
The names of the winning bidders will remain confidential for 21 days.
You can follow specific tags with a free account and see their newest stories in one place. Sign up or sign in.
Copyright 2018 EnergyChoiceMatters.com. Unauthorized copying, retransmission, or republication prohibited. You are not permitted to copy any work or text of EnergyChoiceMatters.com without the separate and express written consent of EnergyChoiceMatters.com.
