PUC Discloses Winning Default Service Suppliers

The Maine PUC disclosed winning Standard Offer suppliers at Emera Maine-Bangor Hydro District (EME-BHD, formerly Bangor Hydro-Electric)

The PUC designated NextEra Energy Marketing, LLC as the Standard Offer provider to serve 33% of the residential and small non-residential (commercial) load in the Emera Maine-Bangor Hydro District (EME-BHD) service territory for the one-year term beginning January 1, 2020. NextEra was also designated as the Standard Offer provider to serve 40% of the medium non-residential Standard Offer class in the EME-BHD service territory for the one-year term beginning January 1, 2020

The PUC designated Constellation Energy Commodities Group Maine, LLC as the standard offer provider to serve 67% of the residential and small non-residential (commercial) load in the Emera Maine-Bangor Hydro District (EME-BHD) service territory for the one-year term beginning January 1, 2020. Constellation was also designated as the Standard Offer provider to serve 60% of the medium non-residential Standard Offer class in the EME-BHD service territory for the one-year term beginning January 1, 2020.

The PUC designates Maine Power, LLC as the Standard Offer provider for all of the large commercial/industrial class at EME-BHD for the one-year term starting January 1, 2020.

Pricing for the small and medium classes was previously reported by EnergyChoiceMatters.com in our story here

The PUC has now disclosed adders for the large customer class Standard Offer pricing

The large class price is structured on an indexed basis, which includes an energy component based on the ISO-NE settlement quantities and locational marginal prices for the load asset, and a fixed adder in $ per kWh. The bid structure also includes a capacity component which will be set in advance of each month. The capacity payment to Maine Power will be based on the ISO-NE capacity settlement quantities for the load asset on a pass-through basis. Retail prices charged to large class Standard Offer customers will be set by the Commission in advance of each month based on the fixed adder and expected capacity prices and a retail energy component that reflects then-current market prices.

The fixed adder for the EME-BHD large class is as follows

Month Fixed Adder, $/kWh

Jan-20    $ 0.011300
Feb-20    $ 0.010530
Mar-20    $ 0.010200
Apr-20    $ 0.010430
May-20    $ 0.011030
Jun-20    $ 0.010490
Jul-20    $ 0.010690
Aug-20    $ 0.010210
Sep-20    $ 0.012180
Oct-20    $ 0.011790
Nov-20    $ 0.011160
Dec-20    $ 0.011360