COLUMBUS, OHIO (Feb. 3, 2016) – The Public Utilities Commission of Ohio (PUCO) today accepted the results of Dominion East Ohio’s auction for its standard service offer (SSO) and standard choice offer (SCO). The auction secured natural gas supplies for Dominion’s SSO/SCO customers for the period April 1, 2016 through March 31, 2017. The auction resulted in a discount of $0.05 per thousand cubic feet (Mcf) off the New York Mercantile Exchange (NYMEX) month-end settlement price.
Dominion’s SSO/SCO rate changes monthly and will be calculated as the NYMEX month-end settlement price minus $0.05 per Mcf. The price adjustment reflects the winning bidders’ estimate of their cost to deliver natural gas from the production area to Dominion’s service area.
The SCO applies 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 group or choose the SCO. Customers who are interested in choosing an energy choice supplier can compare rate offers using the PUCO’s Energy Choice Ohio Apples to Apples comparison charts.
Each SCO customer’s bill will indicate the certified retail natural gas supplier that is responsible for providing the customer’s natural gas. Customers who are already enrolled with an alternative supplier or a government aggregation group will not be affected by the change in the SCO rate; their contracts will remain the same. Customers who are enrolled in the Percentage of Income Payment Plan Plus or who are otherwise ineligible to participate in energy choice are served at the SSO rate, which is identical to the SCO rate. Dominion will continue to deliver natural gas to all customers, offer payment plans and respond to all emergency and customer service calls.
On Feb. 2, 2016, a descending clock auction was held for the SSO/SCO rate. Bids were submitted by seven natural gas suppliers based on fixed adjustments to the NYMEX settlement price. The names of the four winning bidders will remain confidential for 15 days to protect the suppliers’ positions in contract negotiations with pipeline companies.
A copy of today’s Commission entry is available at www.PUCO.ohio.gov. Click on the link to the Docketing Information System and enter the case number 07-1224-GA-EXM.
The Public Utilities Commission of Ohio (PUCO) is the sole agency charged with regulating public utility service. The role of the PUCO is to assure all residential, business and industrial consumers have access to adequate, safe and reliable utility services at fair prices while facilitating an environment that provides competitive choices. Consumers with utility-related questions or concerns can call the PUCO Call Center at (800) 686-PUCO (7826) and speak with a representative.
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