PECO Posts Pricing From Default Service Procurement

PECO has posted results from its March 2019 procurement of a portion of electric default service supplies for various periods beginning June 1, 2019.

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

Delivery Period       Price      Tranches
                                 Procured
Jun 2019–May 2020    $50.17         12
Jun 2019–May 2021    $53.03         11

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
Jun 2019–May 2020    $47.87          6
Jun 2019–May 2021    $50.19          3

Each tranche is 4.17% of class load