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Commission Approves Utility’s Default Service Plan
Excerpts from PUCO Press Release:
“Today we approve a wide-ranging settlement in which Duke Energy Ohio will continue to provide competitively priced power, invest in its system, and provide assistance to the most vulnerable,” stated PUCO Chair Jenifer French.
“Duke Energy Ohio will continue to source electricity for its customers through a competitive bidding process. In its ruling, the PUCO approved a provision to eliminate 3-year bids during the competitive bidding process to minimize price volatility.”
“The utility is ordered to file final tariffs consistent with today’s opinion and order as soon as possible.”
“On Nov. 27, 2024, a settlement agreement was signed by Duke Energy Ohio, PUCO staff, Ohio Consumers’ Counsel, the city of Cincinnati, Ohio Energy Group, Ohio Energy Leadership Council, Ohio Manufactures’ Association Energy Group, Ohio Partners for Affordable Energy, Retail Energy Supply Association, Interstate Gas Supply, Constellation, Kroger and Walmart.”
This order establishes Duke’s ESP V, which will run for a term of June 1, 2025, through May 31, 2028.
Changes included in the approved stipulation are:
- Removing 36-month contracts from the default service portfolio, relying exclusively on 12- and 24-month contracts; and
- Using a capacity proxy price for SSO auctions which are held at a time at which the PJM base residual auction price has not yet been established.
Opinion and Order (05/14/2025)
Settlement Agreement (11/27/2024)
Attachment A – Auction Schedule
(Duke Energy Ohio, Inc.- SSO-Standard Service Offer)
