|
|
|
|
|
Ohio Utility's Default Service Retail Adder Spiking 70% On April 1
The following story is brought free of charge to readers by VertexOne, the exclusive EDI provider of EnergyChoiceMatters.com
Vectren Energy Delivery of Ohio's (CenterPoint Energy Ohio) Standard Choice Offer auction conducted on January 21, 2025 resulted in a Retail Price Adjustment (RPA) of $2.20 per Mcf for the period April 1, 2025 through March 31, 2026
That's 70% higher than the current RPA of $1.30 per Mcf
PUCO approved the results of the auction today
Under the SCO auction, winning suppliers will directly serve non-shopping, choice-eligible customers won through the auction for the period April 1, 2025 through March 31, 2026 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.
The 2025 auction proceeded to a sealed bid round to set the new RPA of $2.20 per Mcf
There were four winning bidders in the 2025 auction, versus three winning bidders a year ago
Seven bidders participated in the 2025 auction; only four of such participants submitted bids
Winning bidder identities will remain confidential for approximately 15 days.
ADVERTISEMENT ADVERTISEMENT Copyright 2025 EnergyChoiceMatters.com. Unauthorized copying, retransmission, or republication
prohibited. You are not permitted to copy any work or text of EnergyChoiceMatters.com without the separate and express written consent of EnergyChoiceMatters.com
January 22, 2025
Email This Story
Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Manager / Director of Sales, PJM Commercial
|
|
|
|
|