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PUC Accepts Results Of Utility’s Natural Gas Supply Auction
Excerpt from PUCO press release:
{***} “The Public Utilities Commission of Ohio (PUCO) today accepted the results of Enbridge Gas Ohio’s auction for its standard choice offer (SCO). The auction secured natural gas supplies for Enbridge’s customers from April 1, 2025, to March 31, 2026, and established a retail price adjustment of $.50 per thousand cubic feet (MCF). This year’s retail price adjustment is $0.30 higher than the 2024 retail price adjustment.
Enbridge’s SCO rate changes monthly and is calculated as the sum of the retail price adjustment, plus the New York Mercantile Exchange (NYMEX) month-end settlement price. The price adjustment reflects the winning bidders’ estimate of their cost to deliver natural gas from production areas to Enbridge’s service area.
The SCO will apply to Enbridge’s choice-eligible customers that have not selected an alternative supplier. Choice-eligible customers will continue to have the option to enroll with an energy choice supplier of their choosing, join a government aggregation buying group or remain on the SCO.
On Feb. 3, 2025, a single auction was conducted to establish the rate for the SCO customers. Bids were submitted by natural gas suppliers based on fixed adjustments to the NYMEX settlement price. The names of the winning bidders will remain confidential for 15 days to protect the suppliers’ positions in contract negotiations with pipeline companies.” {***}
Finding and Order (02/05/2025)
(Finding & Order authorizing The East Ohio Gas Company d/b/a Enbridge Gas Ohio to file tariffs that incorporate the rate resulting from the auction to secure natural gas supply for standard service offer and standard choice offer customers).
PUCO Press Release (02/05/2025)
25-119-GA-UNC
(The East Ohio Gas Company d/b/a Enbridge Gas Ohio -SCO)
