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Vectren Ohio Default Service Retail Adder Set To Increase 30% On April 1
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Vectren Energy Delivery of Ohio's (CenterPoint Energy Ohio) Standard Choice Offer auction conducted on January 22, 2024 resulted in a Retail Price Adjustment (RPA) of $1.30 per Mcf for the period April 1, 2024 through March 31, 2025
That's 30% higher than the current RPA of $1.00 per Mcf
The auction results remain subject to approval by PUCO
Under the SCO auction, winning suppliers will directly serve non-shopping, choice-eligible customers won through the auction for the period April 1, 2024 through March 31, 2025 at a price equal to the Retail Price Adjustment, fixed for the 12-month term, plus the NYMEX prompt month settlement price for gas. Winning bidders also provide a proportional share of the volumes required to serve choice-ineligible customers under Default Sales Service.
There were five registered bidders in the 2024 auction, with three winning bidders
The year-ago 2023 auction had six bidders and four winning bidders
Winning bidder identities will remain confidential for approximately 15 days.
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January 19, 2024
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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