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PUCO Approves Dominion Energy Ohio’s Natural Gas Supply Auction
The Public Utilities Commission of Ohio (PUCO) today accepted the results of Dominion Energy Ohio’s auction for its standard choice offer (SCO). The auction secured natural gas supplies for Dominion’s customers from April 1, 2024, to March 31, 2025, and established a retail price adjustment of $0.20 per thousand cubic feet (MCF). This year’s retail price adjustment is $0.19 less than the 2023 retail price adjustment.
The SCO will apply to Dominion’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. Customers who are interested in choosing an energy choice supplier can compare rate offers by visiting the PUCO’s Energy Choice Ohio website at www.energychoice.ohio.gov.
On Feb. 6, 2024, 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 & Order (02/07/2024)
24-119-GA-UNC (01/02/2024)
