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PUC Staff Give Cold Shoulder To Retail Suppliers' Request To Allow Adjustment of Fixed Rates Due To Unknown PJM Capacity Costs
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Staff of the Public Utilities Commission of Ohio have not endorsed the proposal from several retail suppliers to allow retail suppliers to offer fixed price contracts that contain provisions allowing for future adjustments once the capacity price becomes known.
See background on such proposals here
Retail suppliers have made the proposal due to Staff's proposal to use a capacity proxy price in SSO auctions for periods in which the PJM BRA price is not known
While Staff did not outright oppose the retail suppliers' proposal, Staff said, "Although Staff appreciates the concerns raised by RESA and IGS, Staff believes that the issues of marketing a fixed-rate contract were thoroughly examined in the 'Fixed Means Fixed' case and these issues are outside the scope of Staff’s limited recommendation in this proceeding. Any modification to the marketing of a fixed-rate contract would more appropriately be reviewed in a rule-making process."
Case No. 23-781-EL-UNC
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September 15, 2023
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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