PECO Posts Winning Prices From March 2023 Default Service Auction

PECO has posted results from its March 2023 procurement of a portion of electric default service supplies for various periods through 2025.

PECO's procurement resulted in weighted average winning bid prices ($/MWh) as follows. All products listed below were fixed-price full requirements

Residential
Delivery Period          Price      Tranches Procured
June 2023–May 2024      $70.13              12
June 2023–May 2025      $74.34              11

Each tranche is 1.6% of class load




Small Commercial
Delivery Period          Price      Tranches Procured
June 2023–May 2024      $64.91               6
June 2023–May 2025      $69.02               3

Each tranche is 4.17% of class load

Winning prices from March were well below the approximately $95-$100 per MWh prices from a fall 2022 auction for overlapping delivery periods.