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New Jersey Mass Market Default Service Auction Prices Spike ~40% Versus Replaced Supply; ~35% vs. Year-Ago
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Winning prices from New Jersey's electricity Basic Generation Service auction for residential and small commercial customers (BGS-RSCP) spiked about 40% versus the tranches being replaced in the laddered portfolio
The New Jersey BPU released the results of the 2025 BGS auction today
For fixed price residential and small commercial customers (BGS-RSCP), the 2025 BGS auction procured 36-month tranches for the period starting June 1, 2025, with pricing as follows:
Final fixed price BGS rates will reflect a blend of the above prices and prices from the two prior BGS auctions, under a blending process. The supplies from the 2025 fixed-price auction will meet one-third of residential and small business default service load for the next three delivery years, starting June 1, 2025.
The 2025 BGS-RSCP prices are generally about 40% higher than the prices from the 2022 auction whose contracts are being replaced, and about 35% higher than the 2024 auction
For comparison, the 2022 auction results, whose tranches are being replaced, are below:
The BPU also approved results from the CIEP auction (hourly priced customers)
For CIEP customers, when compared to last year, the 2025 prices for all EDCs are higher, from about $230/Mw-day higher to nearly $320/Mw-day higher
The winning prices for the CIEP auction were as follows:
As of June 2024, about 82.53% of CIEP load is being served by competitive retail suppliers
The winning bidders in the Residential and Small Commercial Pricing (RSCP) Auction were:
Axpo U.S. LLC
Boston Energy Trading and Marketing LLC
BP Energy Company
ConocoPhillips Company
Constellation Energy Generation, LLC
DTE Energy Trading, Inc.
Engelhart CTP (US) LLC
Five Elements Energy II LLC
Hartree Partners, L.P.
Macquarie Energy, LLC
NextEra Energy Marketing, LLC
The BGS-CIEP Auction winners were:
BP Energy Company
Boston Energy Trading and Marketing LLC
ConocoPhillips Company
Constellation Energy Generation LLC
DTE Energy Trading Inc.
Five Elements Energy II LLC
Hartree Partners LP
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February 12, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
2025 BGS-RSCP Auction Prices
36-Month Tranches
Utility Closing Price Tranches
(¢/kWh) Procured
ACE 11.050 7
JCP&L 11.096 18
PSE&G 10.736 28
RECO 11.615 1
2022 BGS-RSCP Auction Prices
(Contracts End May 31, 2025)
36-Month Tranches
Utility Closing Price Tranches
(¢/kWh) Procured
ACE 7.557 7
JCP&L 7.750 18
PSE&G 7.630 28
RECO 8.206 1
CIEP Auction 2025 Prices
Utility Closing Price Tranches
($/Mw-day) Procured
ACE 605.22 2
JCP&L 625.21 11
PSE&G 696.05 21
RECO 566.54 1
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