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Default Service Price Adder At Dominion East Ohio Decreases For 2024-25
The Standard Choice Offer auction to set the Retail Price Adjustment (RPA) at Dominion East Ohio (now d/b/a Dominion Energy Ohio) for the period April 1, 2024, to March 31, 2025, resulted in an RPA of $0.20 per Mcf, which is about 50% less than the current adder of $0.39 per Mcf.
The auction results remain subject to approval by the Public Utility Commission of Ohio or PUCO.
The Retail Price Adjustment will be added to the NYMEX closing price for the prompt month to set the Standard Choice Offer rate. The Standard Service Offer rate, provided to choice-ineligible customers, will be identical to the SCO rate.
The SCO auction is a retail auction which assigns specific residential customers to winning suppliers (plus a portion of the residential and non-residential load ineligible for choice, such as Percentage of Income Payment Plan customers) for a one-year term.
There were 7 bidders in the 2024 auction and five winning bidders in the 2024 auction.
The names of the winning bidders will remain confidential for approximately 15 days.
