Ohio Discloses Winning Bidders For Default Service

The Public Utilities Commission of Ohio has reported the winning bidders from Duke Energy Ohio’s September 2018 default service wholesale auction that will, when blended with other procurements, determine its default retail generation rates from June 2019 through May 2022.

As previously reported, the auction secured 16 tranches of a three-year product to supply electricity to Duke Energy Ohio’s SSO customers, resulting in an average clearing price of $47.66 per megawatt-hour for the delivery period of June 1, 2019 through May 31, 2022.

Winning bidders were as follows. All tranches were for the term June 1, 2019 through May 31, 2022

Winning Bidder       Number of Winning
                              Tranches
Dynegy Marketing and Trade, LLC     10
Exelon Generation Company, LLC       4
Hartree Partners, LP                 2