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Columbia Gas Of Ohio Default Service Retail Adder Set To Decrease On April 1
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A January 23 auction to determine the Retail Price Adjustment (RPA) for the Standard Choice Offer at Columbia Gas of Ohio resulted in an RPA of $1.66 per Mcf, for the period April 1, 2024 to March 31, 2025
That's 7% lower than the current RPA of $1.80 per Mcf
The auction results remain subject to approval by PUCO
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.
There were 7 winning bidders in the 2024 auction, versus 6 winners in the year-ago auction
There were 7 participating bidders in the 2024 auction
Winning bidders will be kept confidential for a period of approximately 15 days
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January 24, 2024
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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