PUC Discloses Winning Suppliers From Default Service Auction

The Public Utilities Commission of Ohio has disclosed the winning suppliers from a February 25 auction for a portion of Duke Energy Ohio's electricity standard service offer load for the period starting June 1, 2020

As previously reported, the auction procured 17 tranches of 24-month contracts with a delivery period of June 1, 2020 to May 31, 2022, at a tranche-weighted average price of winning bids of $41.14 per MWh

The winning bidders and Tranche-Weighted Average Price to be Paid ($/MWh) to each bidder were as follows

Winning Bidder        Tranches   Tranche-Weighted
                           Won   Average Price
                                 To Be Paid 
                                 ($/MWh)
DTE Energy Trading           1   $41.17
Dynegy Marketing and Trade   2   $41.24
Enel Trading North America   6   $41.12
Exelon Generation Company    8   $41.13