Columbia Gas Of Ohio Default Service Retail Adder To Decrease

A January 28 auction to determine the Retail Price Adjustment (RPA) for the Standard Choice Offer at Columbia Gas of Ohio resulted in an RPA of $1.07 per Mcf, for the period April 1, 2020 to March 31, 2021 ($0.107 per ccf.).

PUCO is set to address the auction results at today's meeting.

The current RPA at Columbia is $1.18 per Mcf

The Retail Price Adjustment will be added to the NYMEX closing price for the prompt month to set the Standard Choice Offer rate.

The SCO auction is a retail auction which assigns specific customers to winning suppliers (plus a portion of the load ineligible for choice, such as Percentage of Income Payment Plan customers) for a one-year term.

Sixteen tranches were available in the auction, with a supplier limited to bidding on a maximum of four tranches.

The January 2020 Columbia SCO auction produced 5 winning bidders from 9 bidders who submitted a bid.

In the January 2020 auction, three suppliers won 4 tranches each; one supplier won 3 tranches, and one supplier won a single tranche.

The identities of the winning bidders will remain confidential for 15 days.

For comparison, in the January 2019 auction, there had been 6 winning bidders, with three suppliers winning 4 tranches each, one supplier winning 3 tranches, and two suppliers winning 1 tranche each.