PECO Posts Prices From Default Service Procurement

PECO has posted results from its September 2018 procurement of a portion of electric default service supplies for various periods through 2020.

For residential electric default service, PECO's procurement resulted in weighted average winning bid prices ($/MWh) as follows:

Delivery Period       Price      Tranches
                                 Procured
Dec 2018–Nov 2019    $56.95         12
Dec 2018–Nov 2020    $54.89          9

Each tranche is 1.6% of class load

For small commercial electric default service, PECO's procurement resulted in weighted average winning bid prices ($/MWh) as follows:

Delivery Period       Price      Tranches
                                 Procured
Dec 2018–Nov 2019    $53.62          6
Dec 2018–Nov 2020    $51.51          3

Each tranche is 4.17% of class load