PUCO Accepts Results of DP&L Auction

From PUCO: The Public Utilities Commission of Ohio (PUCO) today accepted the results of Dayton Power & Light Company’s (DP&L) wholesale auction results, the first in a series of wholesale auctions that will ultimately determine its standard service offer through May 2020.

During the auction, held April 11, 2017, competitive suppliers submitted bids on one-, two- and three-year products to supply electricity to DP&L’s utility customers.

The one-year product resulted in an average clearing price of $51.45 per megawatt hour (MWh) for the delivery period of June 1, 2017 to May 31, 2018.

The two-year product resulted in an average clearing price of $50.91 per MWh for the delivery period of June 1, 2017 to May 31, 2019.

The three-year product resulted in an average clearing price of $48.65 per MWh for the delivery period of June 1, 2017 to May 31, 2020.

The results will be blended with future auctions to establish a price-to-compare for DP&L’s customers during the delivery periods.

CRA International served as the independent auction manager, and Bates White, LLC, a consultant retained by the PUCO, monitored the auction process. The names of the winning bidders will remain confidential for 21 days.

Customers continue to have the opportunity to consider competitive options to meet their electricity needs, including shopping for an alternate supplier or joining a local government aggregation group. More information about how to choose a supplier is available at www.energychoice.ohio.gov. The PUCO’s Apples to Apples comparison charts provide customers with a snapshot comparison of current electric supplier offers and contract terms. The charts are updated daily.

A copy of today’s Commission finding and order and redacted version of the report issued by the auction manager are available at www.PUCO.ohio.gov. Click on the link to Docketing Information System and enter the case number 17-0957-EL-UNC.

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