State regulators in Ohio recently accepted results of wholesale power auctions from utilities with prices clearing above $50/MWh, UtilityDive reports. Dayton Power & Light Co.’s auction had “competitive supplier bids on one-, two- and three-year supply contracts clearing at prices from $48.65/MWh to $51.45/MWh.” Duke Energy submitted auction results “for a one-year supply contract at a clearing price of $50.71/MWh,” according to the article. The results “will be blended with future auctions to establish a price for utility customers to compare with competitive options, which they can choose to take.” Clearing prices have “remained relatively steady” in Ohio over the past few years, even as the state has seen retiring baseload generation as aging coal-fired plants have closed (see our April 9, 2015 blog post). For more, read the full article.
Ohio utility wholesale auctions clear above $50/MWh
