PUCO accepts results of Dominion Energy Ohio’s natural gas supply auction
COLUMBUS, OHIO (Feb. 13, 2020) – The Public Utilities Commission of Ohio (PUCO) today accepted the results of Dominion Energy 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, 2020 through March 31, 2021. The auction resulted in a retail price adjustment (RPA) of $0.15 per thousand cubic feet (Mcf).
Dominion’s SSO/SCO rate changes monthly and will be 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 the production area to Dominion’s service area.
The SCO applies to Dominion’s choice-eligible residential 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 by visiting the PUCO’s Energy Choice Ohio website at www.energychoice.ohio.gov.
Each SCO customer’s bill will indicate the certified retail natural gas supplier that is responsible for providing the customer’s natural gas. Dominion will continue to deliver natural gas to all customers, offer payment plans and handle all emergency and customer service calls. Government aggregation customers and those already enrolled with an energy choice supplier are not affected.
On Feb. 11, 2020, a descending clock auction was held for the SSO/SCO rate. 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.
More information about Dominion’s SCO and SSO rates is available on the PUCO website. A copy of today’s Commission finding and order is available at www.PUCO.ohio.gov. Click the link to the Docketing Information System and enter the case number 20-119-GA-UNC.
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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