News Stories
Sponsored by Earth Etch. Regulatory insight and compliance solutions for today’s energy markets.
Duke Energy Ohio Files For Approval Of A Proposed Electric Security Plan
Duke Energy Ohio’s proposed electric security plan (ESP V) would cover the period June 1, 2025 – May 31, 2028.
Testimony is available at docket link below.
Among other things, Duke Energy Ohio proposes to rely on only 12- and 24-month contracts for Standard Service Offer (SSO) supplies, eliminating the use of 36-month contracts as part of the procurement mix.
“Duke Energy Ohio is proposing to change the auction products for bidding by eliminating the longest, 36-month, contract term. The Company will continue procuring 24-month and 12-month products through its SSO auctions. The Company will also maintain the laddered and staggered procurement approach,”
“The 36-month contract typically has fewer bidders than other products. Longer-duration contracts are often associated with higher risk premiums and require bidders to forecast market conditions further into the future,”
“Eliminating the longest duration contract will hopefully result in more aggressive bidding by better aligning the schedule of products to bidder preferences,”
24-0278-EL-SSO
(SSO-Standard Service Offer)
