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News
| Thursday, November 14, 2024 - Commission Accepts Results of DSP-VI November 2024 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-VI Residential/Commercial (Fixed-Price) Auction held on November 12, 2024 to procure full requirements Default Supply generation service for the periods starting June 2025, for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letters can be viewed on the Auction Results page. |
| Thursday, October 24, 2024 - Announcement regarding Tranche Sizes for November 2024 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There are no changes in the MW-measure of the tranches in the auctions scheduled for November 2024 from the announcement made on Friday, September 27, 2024. The caveat continues to apply that the tranche sizes are for reference purposes only and the companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Wednesday, October 16, 2024 - Announcement of Minimum and Maximum Starting Prices for November 2024 Default Service AuctionThe minimum and maximum starting prices for the products in the DSP-VI Residential/Commercial (Fixed-Price) Auction scheduled for November 12, 2024 are as follows:
|
Rate Districts
|
Product
|
MIN Starting Price
|
MAX Starting Price
|
|
Met-Ed
|
|
Residential 12-Month
|
$127.00
|
$154.00
|
|
Residential 24-Month
|
$124.00
|
$151.00
|
|
Commercial 12-Month
|
$126.00
|
$153.00 |
|
Commercial 24-Month
|
$124.00
|
$151.00
|
|
Penelec
|
|
Residential 12-Month
|
$125.00
|
$151.00
|
|
Residential 24-Month
|
$123.00
|
$150.00
|
|
Commercial 12-Month
|
$126.00
|
$153.00
|
|
Commercial 24-Month
|
$124.00
|
$151.00
|
|
Penn Power
|
|
Residential 12-Month
|
$128.00
|
$155.00
|
|
Residential 24-Month
|
$120.00
|
$147.00
|
|
Commercial 12-Month
|
$128.00
|
$155.00
|
|
Commercial 24-Month
|
$120.00
|
$147.00
|
|
West Penn Power
|
|
Residential 12-Month
|
$116.00
|
$143.00
|
|
Residential 24-Month
|
$108.00
|
$135.00
|
|
Commercial 12-Month
|
$117.00
|
$144.00
|
|
Commercial 24-Month
|
$108.00
|
$135.00
|
The product’s starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Friday, September 27, 2024 - Announcement of Tranche Targets and Tranche Sizes for November 2024 Default Service Auction Pursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %).
For the fixed-price auction (“FP Auction”) scheduled for November 2024, there are sixteen proposed products and the tranche targets for the products are as follows:
|
Rate Districts
|
Product
|
MW/Tranche
|
# Tranches This Auction
|
% of Total Tranches
|
Delivery Period
|
|
Met-Ed
|
|
Residential (Fixed-Price)
|
47.66
|
7
|
23.33%
|
12 Months Jun 2025 - May 2026
|
|
Penelec
|
|
Residential (Fixed-Price)
|
45.04
|
4
|
20.00%
|
12 Months Jun 2025 - May 2026
|
|
Penn Power
|
|
Residential (Fixed-Price)
|
52.91
|
2
|
25.00%
|
12 Months Jun 2025 - May 2026
|
|
West Penn Power
|
|
Residential (Fixed-Price)
|
47.00
|
9
|
24.32%
|
12 Months Jun 2025 - May 2026
|
|
Met-Ed
|
|
Residential (Fixed-Price)
|
47.66
|
4
|
13.33%
|
24 Months Jun 2025 - May 2027
|
|
Penelec
|
|
Residential (Fixed-Price)
|
45.04
|
2
|
10.00%
|
24 Months Jun 2025 - May 2027
|
|
Penn Power
|
|
Residential (Fixed-Price)
|
52.91
|
1
|
12.50%
|
24 Months Jun 2025 - May 2027
|
|
West Penn Power
|
|
Residential (Fixed-Price)
|
47.00
|
3
|
8.11%
|
24 Months Jun 2025 - May 2027
|
|
Met-Ed
|
|
Commercial (Fixed-Price)
|
47.77
|
2
|
22.22%
|
12 Months Jun 2025 - May 2026
|
|
Penelec
|
|
Commercial (Fixed-Price)
|
48.17
|
2
|
20.00%
|
12 Months Jun 2025 - May 2026
|
|
Penn Power
|
|
Commercial (Fixed-Price)
|
47.76
|
1
|
25.00%
|
12 Months Jun 2025 - May 2026
|
|
West Penn Power
|
|
Commercial (Fixed-Price)
|
44.53
|
3
|
25.00%
|
12 Months Jun 2025 - May 2026
|
|
Met-Ed
|
|
Commercial (Fixed-Price)
|
47.77
|
1
|
11.11%
|
24 Months Jun 2025 - May 2027
|
|
Penelec
|
|
Commercial (Fixed-Price)
|
48.17
|
1
|
10.00%
|
24 Months Jun 2025 - May 2027
|
|
Penn Power
|
|
Commercial (Fixed-Price)
|
47.76
|
0
|
0.00%
|
24 Months Jun 2025 - May 2027
|
|
West Penn Power
|
|
Commercial (Fixed-Price)
|
44.53
|
1
|
8.33%
|
24 Months Jun 2025 - May 2027
|
The caveat continues to apply that the tranche sizes are for reference purposes only and the Rate Districts do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Thursday, April 18, 2024 - Commission Accepts Results of DSP-VI April 2024 Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the DSP-VI Residential/Commercial (Fixed-Price) Auction and Industrial (Hourly Priced) Auction held on April 15, 2024 to procure full requirements Default Supply generation service for the periods starting June 2024, for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letters can be viewed on the Auction Results page. |
| Wednesday, March 27, 2024 - Announcement regarding Tranche Sizes for April 2024 Default Service Auctions Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There are no changes in the MW-measure of the tranches in the auctions scheduled for April 2024 from the announcement made on Thursday, February 29, 2024. The caveat continues to apply that the tranche sizes are for reference purposes only and the companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, March 19, 2024 - Announcement of Minimum and Maximum Starting Prices for April 2024 Default Service AuctionsThe minimum and maximum starting prices for the products in the DSP-VI Residential/Commercial (Fixed-Price) Auction scheduled for April 15, 2024 are as follows:
|
Company
|
Product
|
MIN Starting Price
|
MAX Starting Price
|
|
Met-Ed
|
|
Residential 12-Month
|
$95.00
|
$115.00
|
|
Residential 24-Month
|
$98.00
|
$118.00
|
|
Commercial 12-Month
|
$96.00
|
$116.00
|
|
Commercial 24-Month
|
$98.00
|
$118.00
|
|
Penelec
|
|
Residential 12-Month
|
$94.00
|
$114.00
|
|
Residential 24-Month
|
$97.00
|
$117.00
|
|
Commercial 12-Month
|
$95.00
|
$115.00
|
|
Commercial 24-Month
|
$97.00
|
$118.00
|
|
Penn Power
|
|
Residential 12-Month
|
$97.00
|
$117.00
|
|
Residential 24-Month
|
$100.00
|
$120.00
|
|
Commercial 12-Month
|
$98.00
|
$118.00
|
|
Commercial 24-Month
|
$100.00
|
$120.00
|
|
West Penn Power
|
|
Residential 12-Month
|
$81.00
|
$102.00
|
|
Residential 24-Month
|
$84.00
|
$104.00
|
|
Commercial 12-Month
|
$82.00
|
$102.00
|
|
Commercial 24-Month
|
$84.00
|
$104.00
|
The minimum and maximum starting prices for the products in the DSP-VI Industrial (Hourly-Priced) Auction scheduled for April 15, 2024 are as follows:
|
Company
|
Product
|
MIN Starting Price
|
MAX Starting Price
|
|
Met-Ed
|
Industrial 12-Months
|
$30.00
|
$46.00
|
|
Penelec
|
Industrial 12-Months
|
$31.00
|
$47.00
|
|
Penn Power
|
Industrial 12-Months
|
$33.00
|
$49.00
|
|
West Penn Power
|
Industrial 12-Months
|
$18.00
|
$33.00
|
The product’s starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auctions. |
| Thursday, February 29, 2024 - Announcement of Tranche Targets and Tranche Sizes for April 2024 Default Service AuctionsPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) scheduled for April 2024, there are sixteen proposed products and the tranche targets for the products are as follows: | Rate District | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Residential (Fixed-Price) | 46.28 | 8 | 26.67% | 12 Months Jun 2024 - May 2025 | | Penelec | | Residential (Fixed-Price) | 47.66 | 6 | 30.00% | 12 Months Jun 2024 - May 2025 | | Penn Power | | Residential (Fixed-Price) | 51.92 | 2 | 25.00% | 12 Months Jun 2024 - May 2025 | | West Penn Power | | Residential (Fixed-Price) | 45.16 | 10 | 27.03% | 12 Months Jun 2024 - May 2025 | | Met-Ed | | Residential (Fixed-Price) | 46.28 | 4 | 13.33% | 24 Months Jun 2024 - May 2026 | | Penelec | | Residential (Fixed-Price) | 47.66 | 2 | 10.00% | 24 Months Jun 2024 - May 2026 | | Penn Power | | Residential (Fixed-Price) | 51.92 | 1 | 12.50% | 24 Months Jun 2024 - May 2026 | | West Penn Power | | Residential (Fixed-Price) | 45.16 | 6 | 16.22% | 24 Months Jun 2024 - May 2026 | | Met-Ed | | Commercial (Fixed-Price) | 48.99 | 2 | 22.22% | 12 Months Jun 2024 - May 2025 | | Penelec | | Commercial (Fixed-Price) | 48.01 | 3 | 30.00% | 12 Months Jun 2024 - May 2025 | | Penn Power | | Commercial (Fixed-Price) | 48.55 | 1 | 25.00% | 12 Months Jun 2024 - May 2025 | | West Penn Power | | Commercial (Fixed-Price) | 50.73 | 3 | 25.00% | 12 Months Jun 2024 - May 2025 | | Met-Ed | | Commercial (Fixed-Price) | 48.99 | 1 | 11.11% | 24 Months Jun 2024 - May 2026 | | Penelec | | Commercial (Fixed-Price) | 48.01 | 1 | 10.00% | 24 Months Jun 2024 - May 2026 | | Penn Power | | Commercial (Fixed-Price) | 48.55 | 1 | 25.00% | 24 Months Jun 2024 - May 2026 | | West Penn Power | | Commercial (Fixed-Price) | 50.73 | 2 | 16.67% | 24 Months Jun 2024 - May 2026 | For the hourly-priced auction (“HP Auction”) scheduled for April 2024, there are four proposed products and the tranche targets for the products are as follows: | Rate District | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Industrial (Hourly-Priced) | 104.19 | 9 | 100.00% | 12 Months Jun 2024 - May 2025 | | Penelec | | Industrial (Hourly-Priced) | 97.22 | 9 | 100.00% | 12 Months Jun 2024 - May 2025 | | Penn Power | | Industrial (Hourly-Priced) | 106.53 | 2 | 100.00% | 12 Months Jun 2024 - May 2025 | | West Penn Power | | Industrial (Hourly-Priced) | 108.17 | 12 | 100.00% | 12 Months Jun 2024 - May 2025 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The rate districts — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the rate districts, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, February 7, 2024 - PUC Approves Joint Settlement Regarding Consolidation of FirstEnergy Utilities in PennsylvaniaOn December 7, 2023, The Pennsylvania Public Utility Commission (PUC) today approved a joint settlement that addresses all issues related to the proposed consolidation of four Pennsylvania electric utilities – Metropolitan Edison Company (Met-Ed), Pennsylvania Electric Company (Penelec), Pennsylvania Power Company (Penn Power), and West Penn Power Company (West Penn Power) – into the FirstEnergy Pennsylvania Electric Company (FE PA). Under the terms of the settlement approved today, FE PA will have five rate districts in Pennsylvania – the Met-Ed Rate District, Penelec Rate District, Penn Power Rate District, West Penn Power Rate District and the Pennsylvania State University Rate District (covering West Penn Power’s service to the university). The current rate structure of Met-Ed, Penelec, Penn Power and West Penn Power will continue in each of those respective rate districts until a future rate case filing by FE PA. While FE PA has indicated that it intends to unify rates moving forward, the settlement includes a provision for gradual changes – requiring that any movement toward unification occur over a period covering three rate cases filed on or after Jan. 1, 2025, or ten years from the date of the Commission’s approval of the merger, whichever comes first. Also, as part of the joint settlement, FE PA will track savings in operating expenses achieved as the result of this merger, and those savings will be flowed back to ratepayers in future rate cases The Official Petition can be viewed here. |
| Wednesday, November 8, 2023 - Commission Accepts Results of DSP-VI November 2023 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-VI Residential/Commercial (Fixed-Price) Auction held on November 6, 2023 to procure full requirements Default Supply generation service for the periods starting June 2024, for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letters can be viewed on the Auction Results page. |
| Wednesday, October 18, 2023 - Announcement regarding Tranche Sizes for November 2023 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. The updated tranche targets and tranche sizes for the products to be auctioned in the Default Service Program Auction Process scheduled for November 2023 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Residential (Fixed-Price) | 46.50 | 7 | 23.33% | 12 Months Jun 2024 - May 2025 | | Penelec | | Residential (Fixed-Price) | 48.24 | 4 | 20.00% | 12 Months Jun 2024 - May 2025 | | Penn Power | | Residential (Fixed-Price) | 49.93 | 2 | 25.00% | 12 Months Jun 2024 - May 2025 | | West Penn Power | | Residential (Fixed-Price) | 45.67 | 9 | 24.32% | 12 Months Jun 2024 - May 2025 | | Met-Ed | | Residential (Fixed-Price) | 46.50 | 3 | 10.00% | 24 Months Jun 2024 - May 2026 | | Penelec | | Residential (Fixed-Price) | 48.24 | 4 | 20.00% | 24 Months Jun 2024 - May 2026 | | Penn Power | | Residential (Fixed-Price) | 49.93 | 1 | 12.50% | 24 Months Jun 2024 - May 2026 | | West Penn Power | | Residential (Fixed-Price) | 45.67 | 3 | 8.11% | 24 Months Jun 2024 - May 2026 | | Met-Ed | | Commercial (Fixed-Price) | 48.65 | 2 | 22.22% | 12 Months Jun 2024 - May 2025 | | Penelec | | Commercial (Fixed-Price) | 47.88 | 2 | 20.00% | 12 Months Jun 2024 - May 2025 | | Penn Power | | Commercial (Fixed-Price) | 46.63 | 1 | 25.00% | 12 Months Jun 2024 - May 2025 | | West Penn Power | | Commercial (Fixed-Price) | 50.56 | 3 | 25.00% | 12 Months Jun 2024 - May 2025 | | Met-Ed | | Commercial (Fixed-Price) | 48.65 | 1 | 11.11% | 24 Months Jun 2024 - May 2026 | | Penelec | | Commercial (Fixed-Price) | 47.88 | 2 | 20.00% | 24 Months Jun 2024 - May 2026 | | Penn Power | | Commercial (Fixed-Price) | 46.63 | 0 | 0.00% | 24 Months Jun 2024 - May 2026 | | West Penn Power | | Commercial (Fixed-Price) | 50.56 | 1 | 8.33% | 24 Months Jun 2024 - May 2026 | The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, October 10, 2023 - Announcement of Minimum and Maximum Starting Prices for November 2023 Default Service AuctionThe minimum and maximum starting prices for the products in the DSP-VI Residential/Commercial (Fixed-Price) Auction scheduled for November 6, 2023 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $106.00 | $129.00 | | Residential 24-Month | $106.00 | $129.00 | | Commercial 12-Month | $105.00 | $129.00 | | Commercial 24-Month | $106.00 | $129.00 | | Penelec | | Residential 12-Month | $104.00 | $127.00 | | Residential 24-Month | $104.00 | $128.00 | | Commercial 12-Month | $105.00 | $128.00 | | Commercial 24-Month | $105.00 | $128.00 | | Penn Power | | Residential 12-Month | $107.00 | $130.00 | | Residential 24-Month | $108.00 | $131.00 | | Commercial 12-Month | $107.00 | $131.00 | | Commercial 24-Month | $108.00 | $131.00 | | West Penn Power | | Residential 12-Month | $97.00 | $121.00 | | Residential 24-Month | $98.00 | $121.00 | | Commercial 12-Month | $98.00 | $121.00 | | Commercial 24-Month | $98.00 | $121.00 | The product’s starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auctions. |
| Tuesday, September 26, 2023 - Announcement of Tranche Targets and Tranche Sizes for November 2023 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) scheduled for November 2023, there are sixteen proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Residential (Fixed-Price) | 46.34 | 7 | 23.33% | 12 Months
Jun 2024 - May 2025 | | Penelec | | Residential (Fixed-Price) | 47.82 | 4 | 20.00% | 12 Months
Jun 2024 - May 2025 | | Penn Power | | Residential (Fixed-Price) | 51.82 | 2 | 25.00% | 12 Months
Jun 2024 - May 2025 | | West Penn Power | | Residential (Fixed-Price) | 45.26 | 9 | 24.32% | 12 Months
Jun 2024 - May 2025 | | Met-Ed | | Residential (Fixed-Price) | 46.34 | 3 | 10.00% | 24 Months
Jun 2024 - May 2026 | | Penelec | | Residential (Fixed-Price) | 47.82 | 4 | 20.00% | 24 Months
Jun 2024 - May 2026 | | Penn Power | | Residential (Fixed-Price) | 51.82 | 1 | 12.50% | 24 Months
Jun 2024 - May 2026 | | West Penn Power | | Residential (Fixed-Price) | 45.26 | 3 | 8.11% | 24 Months
Jun 2024 - May 2026 | | Met-Ed | | Commercial (Fixed-Price) | 48.49 | 2 | 22.22% | 12 Months
Jun 2024 - May 2025 | | Penelec | | Commercial (Fixed-Price) | 48.65 | 2 | 20.00% | 12 Months
Jun 2024 - May 2025 | | Penn Power | | Commercial (Fixed-Price) | 49.87 | 1 | 25.00% | 12 Months
Jun 2024 - May 2025 | | West Penn Power | | Commercial (Fixed-Price) | 50.02 | 3 | 25.00% | 12 Months
Jun 2024 - May 2025 | | Met-Ed | | Commercial (Fixed-Price) | 48.49 | 1 | 11.11% | 24 Months
Jun 2024 - May 2026 | | Penelec | | Commercial (Fixed-Price) | 47.39 | 2 | 20.00% | 24 Months
Jun 2024 - May 2026 | | Penn Power | | Commercial (Fixed-Price) | 48.42 | 0 | 0.00% | 24 Months
Jun 2024 - May 2026 | | West Penn Power | | Commercial (Fixed-Price) | 50.02 | 1 | 8.33% | 24 Months
Jun 2024 - May 2026 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, April 12, 2023 - Commission Accepts Results of DSP-VI April 2023 Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the DSP-VI Residential/Commercial (Fixed-Price) Auction and the DSP-VI Industrial (Hourly-Priced) Auction held on April 10, 2023 to procure full requirements Default Supply generation service for the periods starting June 2023, for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letters can be viewed on the Auction Results page. |
| Wednesday, March 22, 2023 - Announcement regarding Tranche Sizes for April 2023 Default Service Auctions Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There are no changes in the MW-measure of the tranches in the auctions scheduled for April 2023 from the announcement made on Thursday, February 23, 2023. The caveat continues to apply that the tranche sizes are for reference purposes only and the companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, March 14, 2023 - Announcement of Minimum and Maximum Starting Prices for April 2023 Default Service AuctionsThe minimum and maximum starting prices for the products in the DSP-VI Residential/Commercial (Fixed-Price) Auction scheduled for April 10, 2023 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $101.00 | $125.00 | | Residential 24-Month | $102.00 | $125.00 | | Commercial 12-Month | $101.00 | $124.00 | | Commercial 24-Month | $102.00 | $125.00 | | Penelec | | Residential 12-Month | $101.00 | $124.00 | | Residential 24-Month | $101.00 | $125.00 | | Commercial 12-Month | $101.00 | $124.00 | | Commercial 24-Month | $102.00 | $125.00 | | Penn Power | | Residential 12-Month | $105.00 | $128.00 | | Residential 24-Month | $105.00 | $129.00 | | Commercial 12-Month | $105.00 | $129.00 | | Commercial 24-Month | $106.00 | $129.00 | | West Penn Power | | Residential 12-Month | $95.00 | $118.00 | | Residential 24-Month | $95.00 | $119.00 | | Commercial 12-Month | $95.00 | $118.00 | | Commercial 24-Month | $95.00 | $118.00 | The minimum and maximum starting prices for the products in the DSP-VI Industrial (Hourly-Priced) Auction scheduled for April 10, 2023 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Industrial 12-Months | $24.00 | $40.00 | | Penelec | Industrial 12-Months | $27.00 | $42.00 | | Penn Power | Industrial 12-Months | $29.00 | $45.00 | | West Penn Power | Industrial 12-Months | $18.00 | $33.00 | The product’s starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auctions. |
| Thursday, February 23, 2023 - Announcement of Tranche Targets and Tranche Sizes for April 2023 Default Service AuctionsPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) scheduled for April 2023, there are sixteen proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Residential (Fixed-Price) | 46.95 | 12 | 40.00% | 12 Months
Jun 2023 - May 2024 | | Penelec | | Residential (Fixed-Price) | 47.39 | 8 | 40.00% | 12 Months
Jun 2023 - May 2024 | | Penn Power | | Residential (Fixed-Price) | 52.09 | 4 | 50.00% | 12 Months
Jun 2023 - May 2024 | | West Penn Power | | Residential (Fixed-Price) | 46.67 | 15 | 40.54% | 12 Months
Jun 2023 - May 2024 | | Met-Ed | | Residential (Fixed-Price) | 46.95 | 4 | 13.33% | 24 Months
Jun 2023 - May 2025 | | Penelec | | Residential (Fixed-Price) | 47.39 | 2 | 10.00% | 24 Months
Jun 2023 - May 2025 | | Penn Power | | Residential (Fixed-Price) | 52.09 | 1 | 12.50% | 24 Months
Jun 2023 - May 2025 | | West Penn Power | | Residential (Fixed-Price) | 46.67 | 6 | 16.22% | 24 Months
Jun 2023 - May 2025 | | Met-Ed | | Commercial (Fixed-Price) | 50.68 | 3 | 33.33% | 12 Months
Jun 2023 - May 2024 | | Penelec | | Commercial (Fixed-Price) | 48.65 | 4 | 40.00% | 12 Months
Jun 2023 - May 2024 | | Penn Power | | Commercial (Fixed-Price) | 49.87 | 2 | 50.00% | 12 Months
Jun 2023 - May 2024 | | West Penn Power | | Commercial (Fixed-Price) | 46.20 | 5 | 41.67% | 12 Months
Jun 2023 - May 2024 | | Met-Ed | | Commercial (Fixed-Price) | 50.68 | 2 | 22.22% | 24 Months
Jun 2023 - May 2025 | | Penelec | | Commercial (Fixed-Price) | 48.65 | 1 | 10.00% | 24 Months
Jun 2023 - May 2025 | | Penn Power | | Commercial (Fixed-Price) | 49.87 | 1 | 25.00% | 24 Months
Jun 2023 - May 2025 | | West Penn Power | | Commercial (Fixed-Price) | 46.20 | 2 | 16.67% | 24 Months
Jun 2023 - May 2025 | For the hourly-priced auction (“HP Auction”) scheduled for April 2023, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Industrial (Hourly-Priced) | 101.42 | 9 | 100.00% | 12 Months
Jun 2023 - May 2024 | | Penelec | | Industrial (Hourly-Priced) | 100.00 | 9 | 100.00% | 12 Months
Jun 2023 - May 2024 | | Penn Power | | Industrial (Hourly-Priced) | 121.95 | 2 | 100.00% | 12 Months
Jun 2023 - May 2024 | | West Penn Power | | Industrial (Hourly-Priced) | 105.58 | 12 | 100.00% | 12 Months
Jun 2023 - May 2024 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, February 1, 2023 - Commission Accepts Results of DSP-V and DSP-VI January 2023 Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Commercial (Fixed-Price) and DSP-VI Residential/Commercial (Fixed-Price) Auctions held on January 30, 2023 to procure full requirements Default Supply generation service for the periods starting March 2023 (DSP-V) and June 2023 (DSP-VI), for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letters can be viewed on the Auction Results page. |
| Wednesday, January 11, 2023 - Announcement regarding Tranche Sizes for January 2023 DSP-V and DSP-VI Default Service Auctions Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There are no changes in the MW-measure of the tranches in the auctions scheduled for January 2023 from the announcement made on Friday, December 16, 2022. The caveat continues to apply that the tranche sizes are for reference purposes only and the companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Wednesday, January 11, 2023 - Announcement of Possible Use of Capacity Proxy Price for the January 2023 DSP-VI Default Service AuctionFirstEnergy Pennsylvania’s DSP-VI includes an option to use a Capacity Proxy Price (CPP) for delivery years when the PJM capacity price is not available at the time of a DSP-VI auction for those delivery years. If PJM does not post 2024/2025 BRA results (either preliminary or final) by the end of the business day on January 27, 2023, the Companies will use a CPP for the products to be procured in the January 2023 DSP-VI auction. Refer to Appendix H in each Company’s SMA using links on the Documents page here. |
| Wednesday, January 4, 2023 - Announcement of Minimum and Maximum Starting Prices for January 2023 Default Service Auctions The minimum and maximum starting prices for the products in the DSP-V Commercial (Fixed-Priced) Auction scheduled for January 30, 2023 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial 3-Month | $110.00 | $133.00 | | Penelec | Commercial 3-Month | $112.00 | $135.00 | | Penn Power | Commercial 3-Month | $117.00 | $140.00 | | West Penn Power | Commercial 3-Month | $105.00 | $128.00 | The minimum and maximum starting prices for the products in the DSP-VI Residential/Commercial (Fixed- Price) Auction scheduled for January 30, 2023 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 24-Months | $114.00 | $137.00 | | Commercial 24-Month | $112.00 | $136.00 | | Penelec | | Residential 24-Month | $112.00 | $135.00 | | Commercial 24-Month | $112.00 | $135.00 | | Penn Power | | Residential 24-Month | $116.00 | $139.00 | | Commercial 24-Month | $117.00 | $140.00 | | West Penn Power | | Residential 24-Month | $106.00 | $129.00 | | Commercial 24-Month | $106.00 | $129.00 | The product’s starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Friday, December 16, 2022 - Announcement of Tranche Targets and Tranche Sizes for DSP-V and DSP-VI January 2023 Default Service AuctionsPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the DSP-V fixed-price auction (“FP Auction”) scheduled for January 2023, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial (Fixed-Price) | 34.70 | 4 | 30.77% | 3 Months
Mar 2023 - May 2023 | | Penelec | | Commercial (Fixed-Price) | 34.45 | 5 | 35.71% | 3 Months
Mar 2023 - May 2023 | | Penn Power | | Commercial (Fixed-Price) | 32.15 | 2 | 33.33% | 3 Months
Mar 2023 - May 2023 | | West Penn Power | | Commercial (Fixed-Price) | 32.40 | 5 | 29.41% | 3 Months
Mar 2023 - May 2023 | For the DSP-VI fixed-price auction (“FP Auction”) scheduled for January 2023, there are eight proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed-Price) | 46.72 | 4 | 13.33% | 24 Months
June 2023 - May 2025 | | Commercial (Fixed-Price) | 50.12 | 1 | 11.11% | 24 Months
June 2023 - May 2025 | | Penelec | Residential (Fixed-Price) | 47.23 | 2 | 10.00% | 24 Months
June 2023 - May 2025 | | Commercial (Fixed-Price) | 48.23 | 1 | 10.00% | 24 Months
June 2023 - May 2025 | | Penn Power | Residential (Fixed-Price) | 50.48 | 1 | 12.50% | 24 Months
June 2023 - May 2025 | | Commercial (Fixed-Price) | 48.23 | 0 | 00.00% | 24 Months
June 2023 - May 2025 | | West Penn Power | Residential (Fixed-Price) | 46.71 | 3 | 8.11% | 24 Months
June 2023 - May 2025 | | Commercial (Fixed-Price) | 45.89 | 1 | 8.33% | 24 Months
June 2023 - May 2025 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, November 16, 2022 - Commission Accepts Results of DSP-V and DSP-VI November 2022 Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Commercial (Fixed-Price) and DSP-VI Residential/Commercial (Fixed Price) Auctions held on November 14, 2022 to procure full requirements Default Supply generation service for the periods starting December 2022 (DSP-V) and June 2023 (DSP-VI), for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letters can be viewed on the Auction Results page. |
| Thursday, October 27, 2022 - Pennsylvania Public Utility Commission Approves Petition on DSP-VI 24-Month Contracts The PA Public Utility Commission has approved the Companies' previously filed petition to move the procurement of the 24-month products originally included in the DSP-VI auction scheduled for November 14, 2022 to a later auction. The 24-month Residential contracts and the 24-month Commercial contracts will not be procured in the DSP-VI auction scheduled for November 14, 2022. Instead, they will be procured in a later auction, likely in January 2023. The Commission's decision does not affect the 12-month Residential contracts and the 12-month Commercial contracts that will be procured in the DSP-VI auction scheduled for November 14, 2022. Nor does the Commission's decision affect the products to be procured in the DSP-V auction scheduled for the same day (November 14, 2022). |
| Wednesday, October 26, 2022 - Announcement regarding Tranche Sizes for November 2022 DSP-V and DSP-VI Default Service Auctions Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There is no change in the MW-measure of the tranches in the auctions scheduled for November 2022 from the announcement made on Thursday, September 29, 2022. The caveat continues to apply that the tranche sizes are for reference purposes only and the companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, October 18, 2022 - Announcement of Minimum and Maximum Starting Prices for November 2022 Default Service AuctionsThe minimum and maximum starting prices for the products in the DSP-V Commercial (Fixed-Priced) Auction scheduled for November 14, 2022 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial 3-Months | $200.00 | $227.00 | | Penelec | Commercial 3-Months | $181.00 | $224.00 | | Penn Power | Commercial 3-Months | $179.00 | $221.00 | | West Penn Power | Commercial 3-Months | $173.00 | $215.00 | The minimum and maximum starting prices for the products in the DSP-VI Residential/Commercial (Fixed- Price) Auction scheduled for November 14, 2022 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $120.00 | $143.00 | | Residential 24-Month | $116.00 | $139.00 | | Commercial 12-Month | $118.00 | $141.00 | | Commercial 24-Month | $115.00 | $138.00 | | Penelec | | Residential 12-Month | $118.00 | $141.00 | | Residential 24-Month | $114.00 | $137.00 | | Commercial 12-Month | $117.00 | $140.00 | | Commercial 24-Month | $114.00 | $138.00 | | Penn Power | | Residential 12-Month | $124.00 | $147.00 | | Residential 24-Month | $120.00 | $143.00 | | Commercial 12-Month | $124.00 | $147.00 | | Commercial 24-Month | $120.00 | $143.00 | | West Penn Power | | Residential 12-Month | $115.00 | $138.00 | | Residential 24-Month | $110.00 | $133.00 | | Commercial 12-Month | $113.00 | $136.00 | | Commercial 24-Month | $110.00 | $133.00 | The product’s starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, September 29, 2022 - Announcement of Tranche Targets and Tranche Sizes for DSP-V and DSP-VI November 2022 Default Service AuctionsPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the DSP-V fixed-price auction (“FP Auction”) scheduled for November 2022, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial (Fixed-Price) | 35.49 | 4 | 30.77% | 3 Months
Dec 2022 - Feb 2023 | | Penelec | | Commercial (Fixed-Price) | 35.02 | 5 | 35.71% | 3 Months
Dec 2022 - Feb 2023 | | Penn Power | | Commercial (Fixed-Price) | 34.14 | 2 | 33.33% | 3 Months
Dec 2022 - Feb 2023 | | West Penn Power | | Commercial (Fixed-Price) | 33.20 | 5 | 29.41% | 3 Months
Dec 2022 - Feb 2023 | For the DSP-VI fixed-price auction (“FP Auction”) scheduled for November 2022, there are sixteen proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed-Price) | 47.00 | 10 | 33.33% | 12 Months
June 2023 - May 2024 | | Residential (Fixed-Price) | 47.00 | 4 | 13.33% | 24 Months
June 2023 - May 2025 | | Commercial (Fixed-Price) | 51.26 | 3 | 33.33% | 12 Months
June 2023 - May 2024 | | Commercial (Fixed-Price) | 51.26 | 1 | 11.11% | 24 Months
June 2023 - May 2025 | | Penelec | Residential (Fixed-Price) | 47.72 | 8 | 40.00% | 12 Months
June 2023 - May 2024 | | Residential (Fixed-Price) | 47.72 | 2 | 10.00% | 24 Months
June 2023 - May 2025 | | Commercial (Fixed-Price) | 49.02 | 4 | 40.00% | 12 Months
June 2023 - May 2024 | | Commercial (Fixed-Price) | 49.02 | 1 | 10.00% | 24 Months
June 2023 - May 2025 | | Penn Power | Residential (Fixed-Price) | 50.30 | 2 | 25.00% | 12 Months
June 2023 - May 2024 | | Residential (Fixed-Price) | 50.30 | 1 | 12.50% | 24 Months
June 2023 - May 2025 | | Commercial (Fixed-Price) | 51.21 | 1 | 25.00% | 12 Months
June 2023 - May 2024 | | Commercial (Fixed-Price) | 51.21 | 0 | 00.00% | 24 Months
June 2023 - May 2025 | | West Penn Power | Residential (Fixed-Price) | 47.22 | 13 | 35.14% | 12 Months
June 2023 - May 2024 | | Residential (Fixed-Price) | 47.22 | 3 | 8.11% | 24 Months
June 2023 - May 2025 | | Commercial (Fixed-Price) | 47.04 | 4 | 33.33% | 12 Months
June 2023 - May 2024 | | Commercial (Fixed-Price) | 47.04 | 1 | 8.33% | 24 Months
June 2023 - May 2025 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Monday, August 22, 2022 - Commission Approves DSP-VI Default Service ProgramThe Pennsylvania Public Utilities Commission (PA PUC) has approved a new Default Service Program (DSP-VI) for Metropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”) utility companies of Akron, Ohio-based FirstEnergy Corp. The Commission’s Order can be viewed here. |
| Wednesday, June 29, 2022 - Commission Accepts Results of June 2022 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Commercial (Fixed-Price) Auction held June 27, 2022 to procure full requirements Default Supply generation service for the period starting September 2022 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, June 8, 2022 - Announcement regarding Tranche Sizes for June 2022 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for June 2022 from the announcement made on Thursday, May 12, 2022. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Wednesday, June 1, 2022 - Announcement of Minimum and Maximum Starting Prices for June 2022 Default Service Auction The minimum and maximum starting prices for the products in the Commercial (Fixed-Price) Auction scheduled for June 27, 2022 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial 3-Month | $123.00 | $150.00 | | Penelec | Commercial 3-Month | $126.00 | $153.00 | | Penn Power | Commercial 3-Month | $135.00 | $162.00 | | West Penn Power | Commercial 3-Month | $125.00 | $151.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, May 12, 2022 - Announcement of Tranche Targets and Tranche Sizes for June 2022 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) scheduled for June 2022, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial (Fixed Price) | 36.52 | 4 | 30.77% | 3 Months
Sep - Nov 2022 | | Penelec | | Commercial (Fixed Price) | 35.52 | 5 | 35.71% | 3 Months
Sep - Nov 2022 | | Penn Power | | Commercial (Fixed Price) | 35.11 | 2 | 33.33% | 3 Months
Sep - Nov 2022 | | West Penn Power | | Commercial (Fixed Price) | 36.41 | 5 | 29.41% | 3 Months
Sep - Nov 2022 | |
| Thursday, April 21, 2022 - Commission Accepts Results of April 2022 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Residential/Commercial (Fixed-Price) Auction held April 19, 2022 to procure full requirements Default Supply generation service for the period starting June 2022 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Thursday, March 31, 2022 - Announcement regarding Tranche Sizes for April 2022 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for April 2022 from the announcement made on Thursday, March 3, 2022. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Thursday, March 24, 2022 - Announcement of Minimum and Maximum Starting Prices for April 2022 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed-Price) Auction scheduled for April 19, 2022 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $105.00 | $129.00 | | Commercial 3-Month | $102.00 | $125.00 | | Commercial 12-Month | $104.00 | $127.00 | | Penelec | | Residential 12-Month | $102.00 | $126.00 | | Commercial 3-Month | $100.00 | $123.00 | | Commercial 12-Month | $103.00 | $126.00 | | Penn Power | | Residential 12-Month | $106.00 | $129.00 | | Commercial 3-Month | $105.00 | $128.00 | | Commercial 12-Month | $106.00 | $129.00 | | West Penn Power | | Residential 12-Month | $96.00 | $120.00 | | Commercial 3-Month | $94.00 | $117.00 | | Commercial 12-Month | $96.00 | $119.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, March 3, 2022 - Announcement of Tranche Targets and Tranche Sizes for April 2022 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) scheduled for April 2022, there are twelve proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 58.74 | 5 | 20.00% | 12 Months
June 2022 - May 2023 | | Commercial (Fixed Price) | 35.88 | 4 | 30.77% | 3 Months
June 2022 - August 2022 | | Commercial (Fixed Price) | 35.88 | 2 | 15.38% | 12 Months
June 2022 - May 2023 | | Penelec | Residential (Fixed Price) | 58.64 | 4 | 23.53% | 12 Months
June 2022 - May 2023 | | Commercial (Fixed Price) | 34.97 | 5 | 35.71% | 3 Months
June 2022 - August 2022 | | Commercial (Fixed Price) | 34.97 | 2 | 14.29% | 12 Months
June 2022 - May 2023 | | Penn Power | Residential (Fixed Price) | 59.94 | 2 | 28.57% | 12 Months
June 2022 - May 2023 | | Commercial (Fixed Price) | 34.59 | 2 | 33.33% | 3 Months
June 2022 - August 2022 | | Commercial (Fixed Price) | 34.59 | 1 | 16.67% | 12 Months
June 2022 – May 2023 | | West Penn Power | Residential (Fixed Price) | 60.86 | 7 | 23.33% | 12 Months
June 2022 - May 2023 | | Commercial (Fixed Price) | 35.95 | 5 | 29.41% | 3 Months
June 2022 - August 2022 | | Commercial (Fixed Price) | 35.95 | 3 | 17.65% | 12 Months
June 2022 - May 2023 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, January 26, 2022 - Commission Accepts Results of January 2022 Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Residential/Commercial (Fixed-Price) Auction and the DSP-V Industrial (Hourly-Priced) Auction held January 24, 2022 to procure full requirements Default Supply generation service for the period starting March 2022 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, January 5, 2022 - Announcement regarding Tranche Sizes for January 2022 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for January 2022 from the announcement made on Friday, December 3, 2021. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Wednesday, December 29, 2021 - Announcement of Minimum and Maximum Starting Prices for January 2022 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed-Price) Auction scheduled for January 24, 2021 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $93.00 | $116.00 | | Commercial 3-Month | $92.00 | $115.00 | | Commercial 12-Month | $92.00 | $115.00 | | Penelec | | Residential 12-Month | $90.00 | $113.00 | | Commercial 3-Month | $91.00 | $114.00 | | Commercial 12-Month | $90.00 | $113.00 | | Penn Power | | Residential 12-Month | $94.00 | $117.00 | | Commercial 3-Month | $105.00 | $128.00 | | Commercial 12-Month | $95.00 | $118.00 | | West Penn Power | | Residential 12-Month | $83.00 | $106.00 | | Commercial 3-Month | $88.00 | $111.00 | | Commercial 12-Month | $83.00 | $106.00 | The minimum and maximum starting prices for the products in the Industrial (Hourly-Priced) Auction scheduled for January 24, 2021 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Industrial 12-Months | $36.00 | $48.00 | | Penelec | Industrial 12-Months | $36.00 | $48.00 | | Penn Power | Industrial 12-Months | $34.00 | $46.00 | | West Penn Power | Industrial 12-Months | $26.00 | $38.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Friday, December 3, 2021 - Announcement of Tranche Targets and Tranche Sizes for January 2022 Default Service AuctionsPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) scheduled for January 2022, there are twelve proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 58.92 | 4 | 16.00% | 12 Months
Jun 2022 - May 2023 | | Commercial (Fixed Price) | 36.55 | 4 | 30.77% | 3 Months
March 2022 - May 2022 | | Commercial (Fixed Price) | 36.55 | 2 | 15.38% | 12 Months
Jun 2022 - May 2023 | | Penelec | Residential (Fixed Price) | 58.70 | 3 | 17.65% | 12 Months
Jun 2022 - May 2023 | | Commercial (Fixed Price) | 35.73 | 5 | 35.71% | 3 Months
March 2022 - May 2022 | | Commercial (Fixed Price) | 35.73 | 2 | 14.29% | 12 Months
Jun 2022 - May 2023 | | Penn Power | Residential (Fixed Price) | 60.15 | 1 | 14.29% | 12 Months
Jun 2022 - May 2023 | | Commercial (Fixed Price) | 34.01 | 2 | 33.33% | 3 Months
March 2022 - May 2022 | | Commercial (Fixed Price) | 34.01 | 1 | 16.67% | 12 Months
Jun 2022 – May 2023 | | West Penn Power | Residential (Fixed Price) | 61.03 | 6 | 20.00% | 12 Months
Jun 2022 - May 2023 | | Commercial (Fixed Price) | 35.62 | 5 | 29.41% | 3 Months
March 2022 - May 2022 | | Commercial (Fixed Price) | 35.62 | 2 | 11.76% | 12 Months
Jun 2022 - May 2023 | For the hourly-priced auction (“HP Auction”) scheduled for January 2022, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Industrial (Hourly-Priced) | 96.83 | 9 | 100% | 12 Months
Jun 2022 - May 2023 | | Penelec | | Industrial (Hourly-Priced) | 110.22 | 8 | 100.00% | 12 Months
Jun 2022 - May 2023 | | Penn Power | | Industrial (Hourly-Priced) | 92.03 | 2 | 100.00% | 12 Months
Jun 2022 - May 2023 | | West Penn Power | | Industrial (Hourly-Priced) | 96.44 | 12 | 100.00% | 12 Months
Jun 2022 - May 2023 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, November 10, 2021 - Commission Accepts Results of November 2021 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Residential/Commercial (Fixed-Price) Auction held November 8, 2021 to procure full requirements Default Supply generation service for the period starting from December 2021 – May 2023 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, October 20, 2021 - Announcement regarding Tranche Size for November 2021 Default Service AuctionPursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. The updated tranche targets and tranche sizes for the products to be auctioned in the Default Service Program Auction Process scheduled for November 2021 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 58.94 | 4 | 16.00% | 12 Months
Jun 2022 - May 2023 | | Commercial (Fixed Price) | 35.59 | 4 | 30.77% | 3 Months
Dec 2021 – Feb 2022 | | Commercial (Fixed Price) | 35.59 | 2 | 15.38% | 12 Months
Jun 2022 - May 2023 | | Penelec | Residential (Fixed Price) | 58.74 | 3 | 17.65% | 12 Months
Jun 2022 - May 2023 | | Commercial (Fixed Price) | 34.56 | 5 | 35.71% | 3 Months
Dec 2021 – Feb 2022 | | Commercial (Fixed Price) | 34.56 | 1 | 7.14% | 12 Months
Jun 2022 - May 2023 | | Penn Power | Residential (Fixed Price) | 60.21 | 1 | 14.29% | 12 Months
Jun 2022 - May 2023 | | Commercial (Fixed Price) | 33.97 | 2 | 33.33% | 3 Months
Dec 2021 – Feb 2022 | | Commercial (Fixed Price) | 33.97 | 1 | 16.67% | 12 Months
Jun 2022 – May 2023 | | West Penn Power | Residential (Fixed Price) | 61.06 | 6 | 20.00% | 12 Months
Jun 2022 - May 2023 | | Commercial (Fixed Price) | 35.45 | 5 | 29.41% | 3 Months
Dec 2021 – Feb 2022 | | Commercial (Fixed Price) | 35.45 | 2 | 11.76% | 12 Months
Jun 2022 - May 2023 | The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, October 12, 2021 - Announcement of Minimum and Maximum Starting Prices for November 2021 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed-Price) Auction scheduled for November 8, 2021 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $90.00 | $113.00 | | Commercial 3-Month | $130.00 | $153.00 | | Commercial 12-Month | $89.00 | $112.00 | | Penelec | | Residential 12-Month | $87.00 | $110.00 | | Commercial 3-Month | $127.00 | $150.00 | | Commercial 12-Month | $88.00 | $111.00 | | Penn Power | | Residential 12-Month | $90.00 | $113.00 | | Commercial 3-Month | $135.00 | $158.00 | | Commercial 12-Month | $91.00 | $114.00 | | West Penn Power | | Residential 24-Month | $78.00 | $101.00 | | Commercial 3-Month | $119.00 | $142.00 | | Commercial 12-Month | $78.00 | $101.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, September 23, 2021 - Announcement of Tranche Targets and Tranche Sizes for November 2021 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the Default Service Program auction process scheduled for November 2021 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 59.00 | 4 | 16.00% | 12 Months
Jun 2022 - May 2023 | | Commercial (Fixed Price) | 35.63 | 4 | 30.77% | 3 Months
Dec 2021 – Feb 2022 | | Commercial (Fixed Price) | 35.63 | 2 | 15.38% | 12 Months
Jun 2022 - May 2023 | | Penelec | Residential (Fixed Price) | 58.75 | 3 | 17.65% | 12 Months
Jun 2022 - May 2023 | | Commercial (Fixed Price) | 34.52 | 5 | 35.71% | 3 Months
Dec 2021 – Feb 2022 | | Commercial (Fixed Price) | 34.52 | 1 | 7.14% | 12 Months
Jun 2022 - May 2023 | | Penn Power | Residential (Fixed Price) | 60.27 | 1 | 14.29% | 12 Months
Jun 2022 - May 2023 | | Commercial (Fixed Price) | 33.8 | 2 | 33.33% | 3 Months
Dec 2021 – Feb 2022 | | Commercial (Fixed Price) | 33.80 | 1 | 16.67% | 12 Months
Jun 2022 – May 2023 | | West Penn Power | Residential (Fixed Price) | 61.10 | 6 | 20.00% | 12 Months
Jun 2022 - May 2023 | | Commercial (Fixed Price) | 35.36 | 5 | 29.41% | 3 Months
Dec 2021 – Feb 2022 | | Commercial (Fixed Price) | 35.36 | 2 | 11.76% | 12 Months
Jun 2022 - May 2023 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, June 30, 2021 - Commission Accepts Results of June 2021 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Commercial (Fixed-Price) Auction held June 28, 2021 to procure full requirements Default Supply generation service for the period starting from September – November 2021 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Thursday, May 13, 2021 - Announcement of Tranche Targets and Tranche Sizes for June 2021 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the Default Service Program auction process scheduled for June 2021 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial (Fixed Price) | 36.90 | 4 | 30.77% | 3 Months
Sep - Nov 2021 | | Penelec | | Commercial (Fixed Price) | 35.28 | 5 | 35.71% | 3 Months
Sep - Nov 2021 | | Penn Power | | Commercial (Fixed Price) | 34.19 | 2 | 33.33% | 3 Months
Sep - Nov 2021 | | West Penn Power | | Commercial (Fixed Price) | 37.28 | 5 | 29.41% | 3 Months
Sep - Nov 2021 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, April 28, 2021 - Commission Accepts Results of April 2021 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Residential/Commercial (Fixed-Price) Auction held April 26, 2021 to procure full requirements Default Supply generation service for the period starting June 2021 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, April 7, 2021 - Announcement regarding Tranche Sizes for April 2021 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for April 2021 from the announcement made on Thursday, March 11, 2021. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, March 30, 2021 - Announcement of Minimum and Maximum Starting Prices for April 2021 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed-Price) Auction scheduled for April 26, 2021 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $77.00 | $96.00 | | Residential 24-Month | $75.00 | $95.00 | | Commercial 3-Month | $72.00 | $90.00 | | Commercial 12-Month | $75.00 | $97.00 | | Commercial 24-Month | $73.00 | $96.00 | | Penelec | | Residential 12-Month | $75.00 | $96.00 | | Residential 24-Month | $74.00 | $95.00 | | Commercial 3-Month | $71.00 | $90.00 | | Commercial 12-Month | $73.00 | $97.00 | | Commercial 24-Month | $71.00 | $96.00 | | Penn Power | | Residential 12-Month | $85.00 | $96.00 | | Residential 24-Month | $82.00 | $95.00 | | Commercial 3-Month | $81.00 | $90.00 | | Commercial 12-Month | $85.00 | $97.00 | | Commercial 24-Month | $81.00 | $96.00 | | West Penn Power | | Residential 12-Month | $70.00 | $96.00 | | Residential 24-Month | $68.00 | $95.00 | | Commercial 3-Month | $64.00 | $90.00 | | Commercial 12-Month | $67.00 | $97.00 | | Commercial 24-Month | $65.00 | $96.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, March 11, 2021 - Announcement of Tranche Targets and Tranche Sizes for April 2021 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %).
The tranche targets and tranche sizes for the products to be auctioned in the Default Service Program auction process scheduled for April 2021 are as follows: | Company | Product | MW/Tranche | #Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Residential (Fixed Price) | 55.62 | 4 | 16.00% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 55.62 | 4 | 16.00% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 36.89 | 4 | 30.77% | 3 Months
Jun - Aug 2021 | | Commercial (Fixed Price) | 36.89 | 2 | 15.38% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 36.89 | 1 | 7.69% | 24 Months
Jun 2021 - May 2023 | | Penelec | | Residential (Fixed Price) | 54.79 | 3 | 17.65% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 54.79 | 3 | 17.65% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 35.10 | 5 | 35.71% | 3 Months
Jun - Aug 2021 | | Commercial (Fixed Price) | 35.10 | 2 | 14.29% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 35.10 | 2 | 14.29% | 24 Months
Jun 2021 - May 2023 | | Penn Power | | Residential (Fixed Price) | 55.09 | 1 | 14.29% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 55.09 | 1 | 14.29% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 33.95 | 2 | 33.33% | 3 Months
Jun - Aug 2021 | | Commercial (Fixed Price) | 33.95 | 1 | 16.67% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 33.95 | 1 | 16.67% | 24 Months
Jun 2021 - May 2023 | | West Penn Power | | Residential (Fixed Price) | 60.40 | 5 | 16.67% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 60.40 | 4 | 13.33% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 40.05 | 5 | 29.41% | 3 Months
Jun - Aug 2021 | | Commercial (Fixed Price) | 40.05 | 2 | 11.76% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 40.05 | 2 | 11.76% | 24 Months
Jun 2021 - May 2023 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, January 27, 2021 - Commission Accepts Results of January 2021 Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Residential/Commercial (Fixed-Price) Auction and the DSP-V Industrial (Hourly-Priced) Auction held January 25, 2021 to procure full requirements Default Supply generation service for the period starting March 2021 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, January 6, 2021 - Announcement regarding Tranche Sizes for January 2021 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for January 2021 from the announcement made on Friday, December 4, 2020. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Thursday, December 31, 2020 - Announcement of Minimum and Maximum Starting Prices for January 2021 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed-Price) Auction scheduled for January 25, 2021 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $73.00 | $96.00 | | Residential 24-Month | $72.00 | $95.00 | | Commercial 3-Month | $67.00 | $90.00 | | Commercial 12-Month | $74.00 | $97.00 | | Commercial 24-Month | $73.00 | $96.00 | | Penelec | | Residential 12-Month | $70.00 | $93.00 | | Residential 24-Month | $68.00 | $91.00 | | Commercial 3-Month | $66.00 | $89.00 | | Commercial 12-Month | $72.00 | $95.00 | | Commercial 24-Month | $71.00 | $94.00 | | Penn Power | | Residential 12-Month | $79.00 | $102.00 | | Residential 24-Month | $77.00 | $100.00 | | Commercial 3-Month | $77.00 | $100.00 | | Commercial 12-Month | $85.00 | $108.00 | | West Penn Power | | Residential 12-Month | $65.00 | $88.00 | | Residential 24-Month | $63.00 | $86.00 | | Commercial 3-Month | $57.00 | $81.00 | | Commercial 12-Month | $65.00 | $88.00 | | Commercial 24-Month | $63.00 | $86.00 | The minimum and maximum starting prices for the products in the Industrial (Hourly-Priced) Auction scheduled for January 25, 2021 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Industrial 12-Months | $36.00 | $48.00 | | Penelec | Industrial 12-Months | $36.00 | $48.00 | | Penn Power | Industrial 12-Months | $34.00 | $46.00 | | West Penn Power | Industrial 12-Months | $26.00 | $38.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, December 10, 2020 - Announcement of Tranche Targets and Tranche Sizes for January 2021 Default Service Auction Pursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the Default Service Program Auction Process scheduled for January 2021 are as follows: | Company | Product | MW/Tranche | #Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Residential (Fixed Price) | 55.60 | 4 | 16.00% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 55.60 | 4 | 16.00% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 36.56 | 4 | 30.77% | 3 Months
March - May 2021 | | Commercial (Fixed Price) | 36.56 | 2 | 15.38% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 36.56 | 1 | 7.69% | 24 Months
Jun 2021 - May 2023 | | Industrial (Hourly Price) | 102.10 | 9 | 100.00% | 12 Months
Jun 2021 - May 2022 | | Penelec | | Residential (Fixed Price) | 54.47 | 3 | 17.65% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 54.47 | 2 | 11.76% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 34.75 | 5 | 35.71% | 3 Months
March - May 2021 | | Commercial (Fixed Price) | 34.75 | 1 | 7.14% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 34.75 | 1 | 7.14% | 24 Months
Jun 2021 - May 2023 | | Industrial (Hourly Price) | 119.00 | 8 | 100.00% | 12 Months
Jun 2021 - May 2022 | | Penn Power | | Residential (Fixed Price) | 55.03 | 1 | 14.29% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 55.03 | 1 | 14.29% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 33.58 | 2 | 33.33% | 3 Months
March - May 2021 | | Commercial (Fixed Price) | 33.58 | 1 | 16.67% | 12 Months
Jun 2021 - May 2022 | | Industrial (Hourly Price) | 113.26 | 2 | 100.00% | 12 Months
Jun 2021 - May 2022 | | West Penn Power | | Residential (Fixed Price) | 55.97 | 5 | 16.67% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 55.97 | 4 | 13.33% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 37.36 | 5 | 29.41% | 3 Months
March - May 2021 | | Commercial (Fixed Price) | 37.36 | 2 | 11.76% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 37.36 | 2 | 11.76% | 24 Months
Jun 2021 - May 2023 | | Industrial (Hourly Price) | 105.62 | 12 | 100.00% | 12 Months
Jun 2021 - May 2022 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, November 18, 2020 - Commission Accepts Results of November 2020 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Residential/Commercial (Fixed Price) Auction held November 18, 2020 to procure full requirements Default Supply generation service for the period starting December 2020 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, October 7, 2020 - Announcement regarding Tranche Sizes for October 2020 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. The updated tranche targets and tranche sizes for the products to be auctioned in the Default Service Program Auction Process scheduled for October 2020 are as follows: | Company | Product | MW/Tranche | #Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Residential (Fixed Price) | 57.33 | 4 | 16.00% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 57.33 | 4 | 16.00% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 37.02 | 4 | 30.77% | 3 Months
Dec 2020 - Feb 2021 | | Commercial (Fixed Price) | 37.02 | 1 | 7.69% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 37.02 | 1 | 7.69% | 24 Months
Jun 2021 - May 2023 | | Penelec | | Residential (Fixed Price) | 54.41 | 3 | 17.65% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 54.41 | 2 | 11.76% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 34.60 | 5 | 35.71% | 3 Months
Dec 2020 - Feb 2021 | | Commercial (Fixed Price) | 34.60 | 1 | 7.14% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 34.60 | 1 | 7.14% | 24 Months
Jun 2021 - May 2023 | | Penn Power | | Residential (Fixed Price) | 55.09 | 1 | 14.29% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 55.09 | 1 | 14.29% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 33.40 | 2 | 33.33% | 3 Months
Dec 2020 - Feb 2021 | | West Penn Power | | Residential (Fixed Price) | 55.90 | 5 | 16.67% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 55.90 | 3 | 10.00% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 37.58 | 5 | 29.41% | 3 Months
Dec 2020 - Feb 2021 | | Commercial (Fixed Price) | 37.58 | 2 | 11.76% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 37.58 | 1 | 5.88% | 24 Months
Jun 2021 - May 2023 | The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, September 29, 2020 - Announcement of Minimum and Maximum Starting Prices for October 2020 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed-Price) Auction scheduled for October 26, 2020 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $70.00 | $93.00 | | Residential 24-Month | $68.00 | $91.00 | | Commercial 3-Month | $73.00 | $96.00 | | Commercial 12-Month | $70.00 | $93.00 | | Commercial 24-Month | $69.00 | $92.00 | | Penelec | | Residential 12-Month | $67.00 | $90.00 | | Residential 24-Month | $65.00 | $88.00 | | Commercial 3-Month | $70.00 | $93.00 | | Commercial 12-Month | $69.00 | $92.00 | | Commercial 24-Month | $67.00 | $90.00 | | Penn Power | | Residential 12-Month | $77.00 | $100.00 | | Residential 24-Month | $74.00 | $97.00 | | Commercial 3-Month | $75.00 | $99.00 | | West Penn Power | | Residential 12-Month | $64.00 | $87.00 | | Residential 24-Month | $62.00 | $85.00 | | Commercial 3-Month | $64.00 | $87.00 | | Commercial 12-Month | $64.00 | $87.00 | | Commercial 24-Month | $62.00 | $86.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. *** The products’ starting prices are based on the assumption that the joint petition filed with the Commission requesting to modify the Supplier Master Agreement to include a capacity proxy price for PJM 2022/2023 delivery year as part of the Companies’ upcoming default service auction is approved. View the full petition (PDF).*** |
| Monday, September 14, 2020 - Announcement of Tranche Targets and Tranche Sizes for October 2020 Default Service Auction Pursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %).
The tranche targets and tranche sizes for the products to be auctioned in the Default Service Program Auction Process scheduled for October 2020 are as follows: | Company | Product | MW/Tranche | #Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Residential (Fixed Price) | 55.73 | 4 | 16.00% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 55.73 | 4 | 16.00% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 36.60 | 4 | 30.77% | 3 Months
Dec 2020 - Feb 2021 | | Commercial (Fixed Price) | 36.60 | 1 | 7.69% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 36.60 | 1 | 7.69% | 24 Months
Jun 2021 - May 2023 | | Penelec | | Residential (Fixed Price) | 54.44 | 3 | 17.65% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 54.44 | 2 | 11.76% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 34.54 | 5 | 35.71% | 3 Months
Dec 2020 - Feb 2021 | | Commercial (Fixed Price) | 34.54 | 1 | 7.14% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 34.54 | 1 | 7.14% | 24 Months
Jun 2021 - May 2023 | | Penn Power | | Residential (Fixed Price) | 50.11 | 1 | 14.29% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 50.11 | 1 | 14.29% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 33.30 | 2 | 33.33% | 3 Months
Dec 2020 - Feb 2021 | | West Penn Power | | Residential (Fixed Price) | 55.96 | 5 | 16.67% | 12 Months
Jun 2021 - May 2022 | | Residential (Fixed Price) | 55.96 | 3 | 10.00% | 24 Months
Jun 2021 - May 2023 | | Commercial (Fixed Price) | 37.72 | 5 | 29.41% | 3 Months
Dec 2020 - Feb 2021 | | Commercial (Fixed Price) | 37.72 | 2 | 11.76% | 12 Months
Jun 2021 - May 2022 | | Commercial (Fixed Price) | 37.72 | 1 | 5.88% | 24 Months
Jun 2021 - May 2023 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Tuesday, September 1, 2020 - Announcing Auction Process for FirstEnergy’s Pennsylvania October 2020 DSP-V AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-V October 2020 Auction. View the full news release (PDF). |
| Thursday, August 20, 2020 - The Companies File a Joint Petition Requesting Approval to Modify the Suppler Master AgreementThe Companies filed a joint petition with the Commission requesting approval to modify the Supplier Master Agreement and the Bidding Rules to include a capacity proxy price for PJM 2022/2023 delivery year as part of the Companies’ upcoming default service auction. View the full petition (PDF). |
| Wednesday, July 1, 2020 - Commission Accepts Results of June 2020 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Commercial (Fixed-Price) Auction held June 29, 2020 to procure full requirements Default Supply generation service for the period starting September 2020 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, June 10, 2020 - Announcement regarding Tranche Sizes for June 2020 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for June 2020 from the announcement made on Thursday, May 14, 2020. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, June 2, 2020 - Announcement of Minimum and Maximum Starting Prices for June 2020 Default Service Auction The minimum and maximum starting prices for the products in the Commercial (Fixed-Price) Auction scheduled for June 29, 2020 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial 3-Month | $58.00 | $81.00 | | Penelec | Commercial 3-Month | $58.00 | $81.00 | | Penn Power | Commercial 3-Month | $69.00 | $92.00 | | West Penn Power | Commercial 3-Month | $52.00 | $75.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, May 14, 2020 - Announcement of Tranche Targets and Tranche Sizes for June 2020 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the Default Service Program auction process scheduled for June 2020 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial (Fixed Price) | 49.35 | 4 | 30.77% | 3 Months
Sep 2020 - Nov 2020 | | Penelec | | Commercial (Fixed Price) | 49.64 | 5 | 35.71% | 3 Months
Sep 2020 - Nov 2020 | | Penn Power | | Commercial (Fixed Price) | 49.46 | 2 | 33.33% | 3 Months
Sep 2020 - Nov 2020 | | West Penn Power | | Commercial (Fixed Price) | 51.56 | 5 | 29.41% | 3 Months
Sep 2020 - Nov 2020 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Tuesday, May 5, 2020 - Announcing Auction Process for FirstEnergy’s Pennsylvania June 2020 DSP-V AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-V June 2020 Auction. View the full news release (PDF). |
| Tuesday, April 28, 2020 - Commission Accepts Results of April 2020 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Residential/Commercial (Fixed-Price) Auction held April 27, 2020 to procure full requirements Default Supply generation service for the period starting June 2020 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, April 8, 2020 - Announcement regarding Tranche Sizes for April 2020 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for April 2020 from the announcement made on Thursday, March 12, 2020. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, March 31, 2020 - Announcement of Minimum and Maximum Starting Prices for April 2020 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed-Price) Auction scheduled for April 27, 2020 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $61.00 | $84.00 | | Residential 24-Month | $64.00 | $87.00 | | Commercial 3-Month | $55.00 | $78.00 | | Commercial 12-Month | $61.00 | $84.00 | | Commercial 24-Month | $63.00 | $87.00 | | Penelec | | Residential 12-Month | $59.00 | $82.00 | | Residential 24-Month | $61.00 | $84.00 | | Commercial 3-Month | $56.00 | $79.00 | | Commercial 12-Month | $60.00 | $83.00 | | Commercial 24-Month | $63.00 | $86.00 | | Penn Power | | Residential 12-Month | $66.00 | $89.00 | | Residential 24-Month | $71.00 | $94.00 | | Commercial 3-Month | $66.00 | $89.00 | | Commercial 12-Month | $70.00 | $93.00 | | Commercial 24-Month | $74.00 | $97.00 | | West Penn Power | | Residential 12-Month | $55.00 | $78.00 | | Residential 24-Month | $58.00 | $81.00 | | Commercial 3-Month | $50.00 | $73.00 | | Commercial 12-Month | $55.00 | $78.00 | | Commercial 24-Month | $58.00 | $81.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, March 12, 2020 - Announcement of Tranche Targets and Tranche Sizes for April 2020 Default Service Auction Pursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %).
The tranche targets and tranche sizes for the products to be auctioned in the Default Service Program auction process scheduled for April 2020 are as follows: | Company | Product | MW/Tranche | #Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Residential (Fixed Price) | 50.05 | 4 | 16.00% | 12 Months
Jun 2020 - May 2021 | | Residential (Fixed Price) | 50.05 | 1 | 4.00% | 24 Months
Jun 2020 - May 2022 | | Commercial (Fixed Price) | 49.35 | 4 | 30.77% | 3 Months
Jun 2020 - Aug 2020 | | Commercial (Fixed Price) | 49.35 | 2 | 15.38% | 12 Months
Jun 2020 - May 2021 | | Commercial (Fixed Price) | 49.35 | 1 | 7.69% | 24 Months
Jun 2020 - May 2022 | | Penelec | | Residential (Fixed Price) | 50.39 | 3 | 17.65% | 12 Months
Jun 2020 - May 2021 | | Residential (Fixed Price) | 50.39 | 1 | 5.88% | 24 Months
Jun 2020 - May 2022 | | Commercial (Fixed Price) | 49.64 | 5 | 35.71% | 3 Months
Jun 2020 - Aug 2020 | | Commercial (Fixed Price) | 49.64 | 2 | 14.29% | 12 Months
Jun 2020 - May 2021 | | Commercial (Fixed Price) | 49.64 | 1 | 7.14% | 24 Months
Jun 2020 - May 2022 | | Penn Power | | Residential (Fixed Price) | 50.11 | 1 | 14.29% | 12 Months
Jun 2020 - May 2021 | | Residential (Fixed Price) | 50.11 | 1 | 14.29% | 24 Months
Jun 2020 - May 2022 | | Commercial (Fixed Price) | 49.46 | 2 | 33.33% | 3 Months
Jun 2020 - Aug 2020 | | Commercial (Fixed Price) | 49.46 | 1 | 16.67% | 12 Months
Jun 2020 - May 2021 | | Commercial (Fixed Price) | 49.46 | 1 | 16.67% | 24 Months
Jun 2020 - May 2022 | | West Penn Power | | Residential (Fixed Price) | 51.06 | 5 | 16.67% | 12 Months
Jun 2020 - May 2021 | | Residential (Fixed Price) | 51.06 | 2 | 6.67% | 24 Months
Jun 2020 - May 2022 | | Commercial (Fixed Price) | 51.56 | 5 | 29.41% | 3 Months
Jun 2020 - Aug 2020 | | Commercial (Fixed Price) | 51.56 | 2 | 11.76% | 12 Months
Jun 2020 - May 2021 | | Commercial (Fixed Price) | 51.56 | 1 | 5.88% | 24 Months
Jun 2020 - May 2022 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Tuesday, March 3, 2020 - Announcing Auction Process for FirstEnergy’s Pennsylvania April 2020 DSP-V AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-V April 2020 Auction. View the full news release (PDF). |
| Wednesday, January 29, 2020 - Commission Accepts Results of January 2020 Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Residential/Commercial (Fixed Price) Auction and the DSP-V Industrial (Hourly-Priced) Auction held January 27, 2020 to procure full requirements Default Supply generation service for the period starting March 2020 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, January 8, 2020 - Announcement regarding Tranche Sizes for January 2020 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for January 27, 2020 from the announcement made on Tuesday, December 10, 2019. The tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Thursday, January 2, 2020 - Announcement of Minimum and Maximum Starting Prices for January 2020 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed Price) Auction scheduled for January 27, 2020 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $63.00 | $86.00 | | Commercial 3-Month | $62.00 | $86.00 | | Commercial 12-Month | $63.00 | $86.00 | | Penelec | | Residential 12-Month | $61.00 | $84.00 | | Commercial 3-Month | $62.00 | $85.00 | | Commercial 12-Month | $62.00 | $85.00 | | Penn Power | | Residential 12-Month | $68.00 | $91.00 | | Commercial 3-Month | $73.00 | $96.00 | | West Penn Power | | Residential 12-Month | $57.00 | $80.00 | | Residential 24-Month | $60.00 | $83.00 | | Commercial 3-Month | $59.00 | $82.00 | | Commercial 12-Month | $58.00 | $81.00 | The minimum and maximum starting prices for the products in the Industrial (Hourly-Priced) Auction scheduled for January 27, 2020 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Industrial 12-Month | $29.00 | $43.00 | | Penelec | Industrial 12-Month | $26.00 | $40.00 | | Penn Power | Industrial 12-Month | $26.00 | $40.00 | | West Penn Power | Industrial 12-Month | $23.00 | $37.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Tuesday, December 10, 2019 - Announcement of Tranche Targets and Tranche Sizes for January 2020 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the Default Service Program Auction Process scheduled for January 2020 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 50.05 | 4 | 16.00% | 12 Months
June 2020 - May 2021 | | Commercial (Fixed Price) | 49.35 | 4 | 30.77% | 3 Months
March - May 2020 | | Commercial (Fixed Price) | 49.35 | 1 | 7.69% | 12 Months
June 2020 - May 2021 | | Industrial (Hourly Priced) | 95.40 | 9 | 100.00% | 12 Months
June 2020 - May 2021 | | Penelec | Residential (Fixed Price) | 50.39 | 3 | 17.65% | 12 Months
June 2020 - May 2021 | | Commercial (Fixed Price) | 49.64 | 5 | 35.71% | 3 Months
March - May 2020 | | Commercial (Fixed Price) | 49.64 | 1 | 7.14% | 12 Months
June 2020 - May 2021 | | Industrial (Hourly Priced) | 99.93 | 8 | 100.00% | 12 Months
June 2020 - May 2021 | | Penn Power | Residential (Fixed Price) | 50.11 | 1 | 14.29% | 12 Months
June 2020 - May 2021 | | Commercial (Fixed Price) | 49.46 | 2 | 33.33% | 3 Months
March - May 2020 | | Industrial (Hourly Priced) | 114.24 | 2 | 100.00% | 12 Months
June 2020 - May 2021 | | West Penn Power | Residential (Fixed Price) | 51.06 | 4 | 13.33% | 12 Months
June 2020 - May 2021 | | Residential (Fixed Price) | 51.06 | 2 | 6.67% | 24 Months
June 2020 - May 2022 | | Commercial (Fixed Price) | 51.56 | 5 | 29.41% | 3 Months
March - May 2020 | | Commercial (Fixed Price) | 51.56 | 2 | 11.76% | 12 Months
June 2020 - May 2020 | | Industrial (Hourly Priced) | 102.09 | 12 | 100.00% | 12 Months
June 2020 - May 2021 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Tuesday, October 29, 2019 - Commission Accepts Results of October 2019 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Residential/Commercial (Fixed Price) Auction held October 28, 2019 to procure full requirements Default Supply generation service for the period starting December 2019 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Tuesday, October 8, 2019 - Announcement regarding Tranche Sizes for October 2019 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for October 28, 2019 from the announcement made on Thursday, September 12, 2019. The tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, October 1, 2019 - Announcement of Minimum and Maximum Starting Prices for DSP-V October 2019 Default Service AuctionThe minimum and maximum starting prices for the products in the DSP-V Residential/Commercial (Fixed Price) Auction scheduled for October 28, 2019 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $61.00 | $84.00 | | Commercial 3-Month | $75.00 | $98.00 | | Commercial 12-Month | $61.00 | $84.00 | | Penelec | | Residential 12-Month | $59.00 | $82.00 | | Commercial 3-Month | $72.00 | $95.00 | | Commercial 12-Month | $60.00 | $83.00 | | Penn Power | | Residential 12-Month | $68.00 | $91.00 | | Commercial 3-Month | $80.00 | $103.00 | | Commercial 12-Month | $70.00 | $93.00 | | West Penn Power | | Residential 12-Month | $58.00 | $81.00 | | Commercial 3-Month | $70.00 | $93.00 | | Commercial 12-Month | $58.00 | $81.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, September 12, 2019 - Announcement of Tranche Targets and Tranche Sizes for October 2019 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the Default Service Program Auction Process scheduled for October 2019 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 50.05 | 4 | 16.00% | 12 Months
Jun 2020 - May 2021 | | Commercial (Fixed Price) | 49.35 | 4 | 30.77% | 3 Months
Dec 2019 – Feb 2020 | | Commercial (Fixed Price) | 49.35 | 1 | 7.69% | 12 Months
Jun 2020 - May 2021 | | Penelec | Residential (Fixed Price) | 50.39 | 2 | 11.76% | 12 Months
Jun 2020 - May 2021 | | Commercial (Fixed Price) | 49.64 | 5 | 35.71% | 3 Months
Dec 2019 – Feb 2020 | | Commercial (Fixed Price) | 49.64 | 1 | 7.14% | 12 Months
Jun 2020 - May 2021 | | Penn Power | Residential (Fixed Price) | 50.11 | 1 | 14.29% | 12 Months
Jun 2020 - May 2021 | | Commercial (Fixed Price) | 49.46 | 2 | 33.33% | 3 Months
Dec 2019 – Feb 2020 | | West Penn Power | Residential (Fixed Price) | 51.06 | 4 | 13.33% | 12 Months
Jun 2020 - May 2021 | | Commercial (Fixed Price) | 51.56 | 5 | 29.41% | 3 Months
Dec 2019 – Feb 2020 | | Commercial (Fixed Price) | 51.56 | 2 | 11.76% | 12 Months
Jun 2020 - May 2021 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Thursday, August 22, 2019 - Announcing Auction Process for FirstEnergy’s Pennsylvania October 2019 DSP-V AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-V October 2019 Auction. View the full news release (PDF). |
| Wednesday, June 19, 2019 - Commission Accepts Results of June 2019 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Commercial (Fixed Price) Auction held June 17, 2019 to procure full requirements Default Supply generation service for the period starting September 2019 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Friday, May 31, 2019 - Announcement regarding Tranche Sizes for DSP-V June 2019 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for June 17, 2019 from the announcement made on Friday, May 10, 2019. The tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Friday, May 10, 2019 - Announcement of Tranche Targets and Tranche Sizes for June 2019 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the DSP-V Fixed Price Auction (“FP Auction”) scheduled for June 17, 2019 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial (Fixed Price) | 49.35 | 4 | 30.77% | 3 Months
Sep 2019 - Nov 2019 | | Penelec | | Commercial (Fixed Price) | 49.64 | 5 | 35.71% | 3 Months
Sep 2019 - Nov 2019 | | Penn Power | | Commercial (Fixed Price) | 49.46 | 2 | 33.33% | 3 Months
Sep 2019 - Nov 2019 | | West Penn Power | | Commercial (Fixed Price) | 51.56 | 5 | 29.41% | 3 Months
Sep 2019 - Nov 2019 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, May 1, 2019 - Announcing Auction Process for FirstEnergy’s Pennsylvania June 2019 DSP-V AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-V April 2019 Auction. View the full news release (PDF). |
| Wednesday, May 1, 2019 - Commission Accepts Results of April 2019 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-V Residential/Commercial (Fixed Price) Auction held April 29, 2019 to procure full requirements Default Supply generation service for the period starting June 2019 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, April 10, 2019 - Announcement regarding Tranche Sizes for DSP-V April 2019 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction(s). There is no change in the MW-measure of the tranches in the DSP-V auction scheduled for April 2019 from the announcement made on March 14, 2019. The announced tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Periods will depend upon many factors. |
| Tuesday, April 2, 2019 - Announcement of Minimum and Maximum Starting Prices for DSP-V April 2019 Default Service AuctionThe minimum and maximum starting prices for the products in the DSP-V Residential/Commercial (Fixed Price) Auction scheduled for April 29, 2019 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $66.00 | $89.00 | | Residential 24-Month | $64.00 | $87.00 | | Commercial 3-Month | $63.00 | $86.00 | | Commercial 12-Month | $66.00 | $89.00 | | Commercial 24-Month | $65.00 | $88.00 | | Penelec | | Residential 12-Month | $65.00 | $88.00 | | Residential 24-Month | $63.00 | $87.00 | | Commercial 3-Month | $62.00 | $85.00 | | Commercial 12-Month | $65.00 | $88.00 | | Commercial 24-Month | $64.00 | $87.00 | | Penn Power | | Residential 12-Month | $73.00 | $96.00 | | Residential 24-Month | $71.00 | $94.00 | | Commercial 3-Month | $73.00 | $96.00 | | Commercial 12-Month | $76.00 | $99.00 | | Commercial 24-Month | $74.00 | $97.00 | | West Penn Power | | Residential 12-Month | $64.00 | $87.00 | | Residential 24-Month | $62.00 | $85.00 | | Commercial 3-Month | $62.00 | $85.00 | | Commercial 12-Month | $65.00 | $88.00 | | Commercial 24-Month | $63.00 | $86.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, March 14, 2019 - Announcement of Tranche Targets and Tranche Sizes for DSP-V April 2019 Default Service Auction Pursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auctions the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %).
The tranche targets and tranche sizes for the products to be auctioned in the DSP-V Fixed Price (FP) Auction scheduled for April 2019 are as follows: | Company | Product | MW/Tranche | #Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Residential (Fixed Price) | 50.05 | 5 | 20.00% | 12 Months
Jun 2019 - May 2020 | | Residential (Fixed Price) | 50.05 | 4 | 16.00% | 24 Months
Jun 2019 - May 2021 | | Commercial (Fixed Price) | 49.35 | 4 | 30.77% | 3 Months
Jun 2019 - Aug 2019 | | Commercial (Fixed Price) | 49.35 | 2 | 15.38% | 12 Months
Jun 2019 - May 2020 | | Commercial (Fixed Price) | 49.35 | 2 | 15.38% | 24 Months
Jun 2019 - May 2021 | | Penelec | | Residential (Fixed Price) | 50.39 | 3 | 17.65% | 12 Months
Jun 2019 - May 2020 | | Residential (Fixed Price) | 50.39 | 3 | 17.65% | 24 Months
Jun 2019 - May 2021 | | Commercial (Fixed Price) | 49.64 | 5 | 35.71% | 3 Months
Jun 2019 - Aug 2019 | | Commercial (Fixed Price) | 49.64 | 2 | 14.29% | 12 Months
Jun 2019 - May 2020 | | Commercial (Fixed Price) | 49.64 | 2 | 14.29% | 24 Months
Jun 2019 - May 2021 | | Penn Power | | Residential (Fixed Price) | 50.11 | 2 | 28.57% | 12 Months
Jun 2019 - May 2020 | | Residential (Fixed Price) | 50.11 | 1 | 14.29% | 24 Months
Jun 2019 - May 2021 | | Commercial (Fixed Price) | 49.46 | 2 | 33.33% | 3 Months
Jun 2019 - Aug 2019 | | Commercial (Fixed Price) | 49.46 | 1 | 16.67% | 12 Months
Jun 2019 - May 2020 | | Commercial (Fixed Price) | 49.46 | 1 | 16.67% | 24 Months
Jun 2019 - May 2021 | | West Penn Power | | Residential (Fixed Price) | 51.06 | 6 | 20.00% | 12 Months
Jun 2019 - May 2020 | | Residential (Fixed Price) | 51.06 | 5 | 16.67% | 24 Months
Jun 2019 - May 2021 | | Commercial (Fixed Price) | 51.56 | 5 | 29.41% | 3 Months
Jun 2019 - Aug 2019 | | Commercial (Fixed Price) | 51.56 | 3 | 17.65% | 12 Months
Jun 2019 - May 2020 | | Commercial (Fixed Price) | 51.56 | 2 | 11.76% | 24 Months
Jun 2019 - May 2021 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period.
“MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors.
Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Monday, February 25, 2019 - Announcing Auction Process for FirstEnergy’s Pennsylvania April 2019 DSP-V AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-V April 2019 Auction. View the full news release (PDF). |
| Thursday, January 24, 2019 - Commission Accepts Results of DSP-IV and DSP-V January 2019 Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the DSP-IV Commercial (Fixed Price), the DSP-V Residential/Commercial (Fixed Price), and the DSP-V Industrial (Hourly Price) Auctions held January 22, 2019 to procure full requirements Default Supply generation service for the periods starting March 2019 (DSP-IV) and June 2019 (DSP-V), for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letters can be viewed on the Auction Results page. |
| Friday, January 4, 2019 - Announcement regarding Tranche Sizes for DSP-IV and DSP-V January 2019 Default Service Auctions Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction(s). There is no change in the MW-measure of the tranches in the DSP-IV and DSP-V auctions scheduled for January 2019 from the announcement made on November 29, 2018. The announced tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Periods will depend upon many factors. |
| Monday, December 17, 2018 - Announcement of Minimum and Maximum Starting Prices for DSP-V January 2019 Default Service AuctionsThe minimum and maximum starting prices for the products in the DSP-V Residential/Commercial (Fixed Price) Auction scheduled for January 22, 2019 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $66.00 | $89.00 | | Residential 24-Month | $64.00 | $87.00 | | Commercial 12-Month | $66.00 | $89.00 | | Commercial 24-Month | $64.00 | $88.00 | | Penelec | | Residential 12-Month | $65.00 | $88.00 | | Residential 24-Month | $64.00 | $87.00 | | Commercial 12-Month | $66.00 | $89.00 | | Commercial 24-Month | $64.00 | $87.00 | | Penn Power | | Residential 12-Month | $73.00 | $96.00 | | Residential 24-Month | $71.00 | $94.00 | | Commercial 12-Month | $77.00 | $100.00 | | Commercial 24-Month | $74.00 | $98.00 | | West Penn Power | | Residential 12-Month | $65.00 | $88.00 | | Residential 24-Month | $63.00 | $86.00 | | Commercial 12-Month | $66.00 | $89.00 | | Commercial 24-Month | $63.00 | $86.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. The minimum and maximum starting prices for the products in the DSP-V Industrial (Hourly-Priced) Auction scheduled for January 22, 2019 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Industrial 12-Month | $24.00 | $35.00 | | Penelec | Industrial 12-Month | $18.00 | $29.00 | | Penn Power | Industrial 12-Month | $27.00 | $38.00 | | West Penn Power | Industrial 12-Month | $17.00 | $29.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Monday, December 17, 2018 - Announcement of Minimum and Maximum Starting Prices for DSP-IV January 2019 Default Service Auction The minimum and maximum starting prices for the products in the DSP-IV Commercial (Fixed Price) Auction scheduled for January 22, 2019 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial 3-Month | $74.00 | $97.00 | | Penelec | Commercial 3-Month | $74.00 | $97.00 | | Penn Power | Commercial 3-Month | $89.00 | $112.00 | | West Penn Power | Commercial 3-Month | $76.00 | $99.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Friday, November 30, 2018 - Announcement of Tranche Targets and Tranche Sizes for DSP-V January 2019 Default Service AuctionsPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auctions the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the DSP-V Fixed Price (FP) Auction scheduled for January 2019 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 50.05 | 4 | 16.00% | 12 Months
June 2019 – May 2020 | | Residential (Fixed Price) | 50.05 | 4 | 16.00% | 24 Months
June 2019 – May 2021 | | Commercial (Fixed Price) | 49.35 | 2 | 15.38% | 12 Months
June 2019 – May 2020 | | Commercial (Fixed Price) | 49.35 | 1 | 7.69% | 24 Months
June 2019 – May 2021 | | Penelec | Residential (Fixed Price) | 50.39 | 3 | 17.65% | 12 Months
June 2019 – May 2020 | | Residential (Fixed Price) | 50.39 | 3 | 17.65% | 24 Months
June 2019 – May 2021 | | Commercial (Fixed Price) | 49.64 | 2 | 14.29% | 12 Months
June 2019 – May 2020 | | Commercial (Fixed Price) | 49.64 | 1 | 7.14% | 24 Months
June 2019 – May 2021 | | Penn Power | Residential (Fixed Price) | 50.11 | 1 | 14.29% | 12 Months
June 2019 – May 2020 | | Residential (Fixed Price) | 50.11 | 1 | 14.29% | 24 Months
June 2019 – May 2021 | | Commercial (Fixed Price) | 49.46 | 1 | 16.67% | 12 Months
June 2019 – May 2020 | | Commercial (Fixed Price) | 49.46 | 1 | 16.67% | 24 Months
June 2019 – May 2021 | | West Penn Power | Residential (Fixed Price) | 51.06 | 6 | 20.00% | 12 Months
June 2019 – May 2020 | | Residential (Fixed Price) | 51.06 | 4 | 13.33% | 24 Months
June 2019 – May 2021 | | Commercial (Fixed Price) | 51.56 | 2 | 11.76% | 12 Months
June 2019 – May 2020 | | Commercial (Fixed Price) | 51.56 | 2 | 11.76% | 24 Months
June 2019 – May 2021 | For the DSP-V Hourly-Priced (HP) Auction scheduled for January 2019, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Industrial (Hourly Priced) | 95.40 | 9 | 100.00% | 12 Months
June 2019 - May 2020 | | Penelec | | Industrial (Hourly Priced) | 99.93 | 8 | 100.00% | 12 Months
June 2019 - May 2020 | | Penn Power | | Industrial (Hourly Priced) | 114.24 | 2 | 100.00% | 12 Months
June 2019 - May 2020 | | West Penn Power | | Industrial (Hourly Priced) | 102.09 | 12 | 100.00% | 12 Months
June 2019 - May 2020 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Thursday, November 29, 2018 - Announcement of Tranche Targets and Tranche Sizes for DSP-IV January 2019 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the DSP-IV Default Service Auction Process scheduled for January 2019 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial (Fixed Price) | 45.84 | 4 | 28.6% | 3 Months
Mar 2019 - May 2019 | | Penelec | | Commercial (Fixed Price) | 49.33 | 4 | 25.0% | 3 Months
Mar 2019 - May 2019 | | Penn Power | | Commercial (Fixed Price) | 45.84 | 2 | 28.6% | 3 Months
Mar 2019 - May 2019 | | West Penn Power | | Commercial (Fixed Price) | 50.79 | 5 | 26.3% | 3 Months
Mar 2019 - May 2019 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Monday, November 5, 2018 - Announcing Auction Process for FirstEnergy’s Pennsylvania January 2019 DSP-IV and DSP-V AuctionsMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-IV and DSP-V January 2019 Auctions. View the full news release (PDF). |
| Wednesday, October 31, 2018 - Commission Accepts Results of DSP-IV and DSP-V October 2018 Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the DSP-IV Commercial (Fixed Price) and DSP-V Residential/Commercial (Fixed Price) Auctions held October 29, 2018 to procure full requirements Default Supply generation service for the periods starting December 2018 (DSP-IV) and June 2019 (DSP-V), for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letters can be viewed on the Auction Results page. |
| Thursday, October 11, 2018 - Announcement regarding Tranche Sizes for DSP-IV and DSP-V October 2018 Default Service Auctions Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction(s). There is no change in the MW-measure of the tranches in the DSP-IV and DSP-V auctions scheduled for October 2018 from the announcement made on September 14, 2018. The announced tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Periods will depend upon many factors. |
| Thursday, October 4, 2018 - Announcement of Minimum and Maximum Starting Prices for October 2018 DSP-V Default Service AuctionThe minimum and maximum starting prices for the products in the DSP-V Residential/Commercial (Fixed Price) Auction scheduled for October 29, 2018 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $64.00 | $87.00 | | Residential 24-Month | $63.00 | $86.00 | | Commercial 12-Month | $64.00 | $87.00 | | Commercial 24-Month | $63.00 | $86.00 | | Penelec | | Residential 12-Month | $63.00 | $86.00 | | Residential 24-Month | $62.00 | $85.00 | | Commercial 12-Month | $63.00 | $87.00 | | Commercial 24-Month | $62.00 | $85.00 | | Penn Power | | Residential 12-Month | $71.00 | $94.00 | | Residential 24-Month | $69.00 | $92.00 | | Commercial 12-Month | | | | Commercial 24-Month | | | | West Penn Power | | Residential 12-Month | $63.00 | $87.00 | | Residential 24-Month | $62.00 | $85.00 | | Commercial 12-Month | $64.00 | $87.00 | | Commercial 24-Month | $62.00 | $85.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, October 4, 2018 - Announcement of Minimum and Maximum Starting Prices for October 2018 DSP-IV Default Service Auction The minimum and maximum starting prices for the products in the DSP-IV Commercial (Fixed Price) Auction scheduled for October 29, 2018 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial 3-Month | $82.00 | $105.00 | | Penelec | Commercial 3-Month | $79.00 | $102.00 | | Penn Power | Commercial 3-Month | $89.00 | $112.00 | | West Penn Power | Commercial 3-Month | $79.00 | $102.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Friday, September 14, 2018 - Announcement of Tranche Targets and Tranche Sizes for DSP-IV and DSP-V October 2018 Auctions Pursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the DSP-IV fixed-price auction (“FP Auction”) scheduled for October 2018, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial | 45.84 | 4 | 28.6% | 3 Months
Dec 2018 – Feb 2019 | | Penelec | | Commercial | 49.33 | 4 | 25.0% | 3 Months
Dec 2018 – Feb 2019 | | Penn Power | | Commercial | 45.84 | 2 | 28.6% | 3 Months
Dec 2018 – Feb 2019 | | West Penn Power | | Commercial | 50.79 | 5 | 26.3% | 3 Months
Dec 2018 – Feb 2019 | For the DSP-V fixed-price auction (“FP Auction”) scheduled for October 2018, there are sixteen proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential | 50.05 | 4 | 16.0% | 12 Months
June 2019 – May 2020 | | Residential | 50.05 | 4 | 16.0% | 24 Months
June 2019 – May 2021 | | Commercial | 49.35 | 1 | 7.69% | 12 Months
June 2019 – May 2020 | | Commercial | 49.35 | 1 | 7.69% | 24 Months
June 2019 – May 2021 | | Penelec | Residential | 50.39 | 3 | 17.65% | 12 Months
June 2019 – May 2020 | | Residential | 50.39 | 2 | 11.76% | 24 Months
June 2019 – May 2021 | | Commercial | 49.64 | 1 | 7.14% | 12 Months
June 2019 – May 2020 | | Commercial | 49.64 | 1 | 7.14% | 24 Months
June 2019 – May 2021 | | Penn Power | Residential | 50.11 | 1 | 14.29% | 12 Months
June 2019 – May 2020 | | Residential | 50.11 | 1 | 14.29% | 24 Months
June 2019 – May 2021 | | Commercial | 49.46 | 0 | 0% | 12 Months
June 2019 – May 2020 | | Commercial | 49.46 | 0 | 0% | 24 Months
June 2019 – May 2021 | | West Penn Power | Residential | 51.06 | 5 | 16.67% | 12 Months
June 2019 – May 2020 | | Residential | 51.06 | 4 | 13.33% | 24 Months
June 2019 – May 2021 | | Commercial | 51.06 | 2 | 11.76% | 12 Months
June 2019 – May 2020 | | Commercial | 51.06 | 1 | 5.88% | 24 Months
June 2019 – May 2021 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Thursday, September 6, 2018 - Announcing Auction Process for FirstEnergy’s Pennsylvania October 2018 DSP-IV and DSP-V AuctionsMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-IV and DSP-V October 2018 Auctions. View the full news release (PDF). |
| Wednesday, September 5, 2018 - Pennsylvania Public Utility Commission Opinion and Order Adopted for DSP-VThe Commission’s Opinion and Order for DSP-V— adopted on August 23, 2018 and entered on September 4, 2018— can be viewed here. |
| Wednesday, June 27, 2018 - Commission Accepts Results of June 2018 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-IV Commercial (Fixed Price) Auction held June 25, 2018 to procure full requirements Default Supply generation service for the period starting June 2018 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, June 6, 2018 - Announcement regarding Tranche Sizes for June 2018 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for June 2018 from the announcement made on May 8, 2018. The announced tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Periods will depend upon many factors. |
| Wednesday, May 30, 2018 - Announcement of Minimum and Maximum Starting Prices for DSP-IV June 2018 Default Service AuctionThe minimum and maximum starting prices for the products in the DSP-IV Commercial (Fixed Price) Auction scheduled for June 25, 2018 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial 3-Month | $66.00 | $89.00 | | Penelec | Commercial 3-Month | $67.00 | $90.00 | | Penn Power | Commercial 3-Month | $81.00 | $104.00 | | West Penn Power | Commercial 3-Month | $66.00 | $89.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Tuesday, May 8, 2018 - Announcement of Tranche Targets and Tranche Sizes for June 2018 Default Service Auction Pursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) scheduled for June 2018, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial | 47.76 | 4 | 28.6% | 3 Months
September 2018 - November 2018 | | Penelec | | Commercial | 49.33 | 4 | 25.0% | 3 Months
September 2018 - November 2018 | | Penn Power | | Commercial | 45.84 | 2 | 28.6% | 3 Months
September 2018 - November 2018 | | West Penn Power | | Commercial | 50.79 | 5 | 26.3% | 3 Months
September 2018 - November 2018 | |
| Thursday, April 12, 2018 - Announcing Auction Process for FirstEnergy’s Pennsylvania June 2018 DSP-IV AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-IV June 2018 Auction. View the full news release (PDF). |
| Wednesday, April 11, 2018 - Commission Accepts Results of April 2018 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-IV Residential/Commercial (Fixed Price) Auction held April 9, 2018 to procure full requirements Default Supply generation service for the period starting June 2018 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Monday, March 19, 2018 - Announcement regarding Tranche Sizes for April 2018 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for April 2018 from the announcement made on February 12, 2018. The announced tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Periods will depend upon many factors. |
| Monday, March 12, 2018 - Announcement of Minimum and Maximum Starting Prices for DSP-IV April 2018 Default Service AuctionThe minimum and maximum starting prices for the products in the DSP-IV Residential/Commercial (Fixed Price) Auction scheduled for April 9, 2018 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $69.00 | $92.00 | | Commercial 3-Month | $67.00 | $90.00 | | Commercial 12-Month | $70.00 | $93.00 | | Penelec | | Residential 12-Month | $66.00 | $89.00 | | Commercial 3-Month | $66.00 | $89.00 | | Commercial 12-Month | $69.00 | $92.00 | | Penn Power | | Residential 12-Month | $74.00 | $97.00 | | Commercial 3-Month | $79.00 | $103.00 | | Commercial 12-Month | $82.00 | $105.00 | | West Penn Power | | Residential 12-Month | $68.00 | $91.00 | | Commercial 3-Month | $67.00 | $90.00 | | Commercial 12-Month | $69.00 | $92.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Monday, February 12, 2018 - Announcement of Tranche Targets and Tranche Sizes for April 2018 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) scheduled for April 2018, there are twelve proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential | 49.79 | 4 | 16.7% | 12 Months
June 2018 - May 2019 | | Commercial | 47.76 | 4 | 28.6% | 3 Months
June 2018 - August 2018 | | Commercial | 47.76 | 1 | 7.1% | 12 Months
June 2018 - May 2019 | | Penelec | Residential | 48.28 | 3 | 18.8% | 12 Months
June 2018 - May 2019 | | Commercial | 49.33 | 4 | 25.0% | 3 Months
June 2018 - August 2018 | | Commercial | 49.33 | 2 | 12.5% | 12 Months
June 2018 - May 2019 | | Penn Power | Residential | 49.01 | 2 | 28.6% | 12 Months
June 2018 - May 2019 | | Commercial | 45.84 | 2 | 28.6% | 3 Months
June 2018 - August 2018 | | Commercial | 45.84 | 1 | 14.3% | 12 Months
June 2018 - May 2019 | | West Penn Power | Residential | 50.73 | 5 | 17.9% | 12 Months
June 2018 - May 2019 | | Commercial | 50.79 | 5 | 26.3% | 3 Months
June 2018 - August 2018 | | Commercial | 50.79 | 3 | 15.8% | 12 Months
June 2018 - May 2019 | |
| Thursday, February 1, 2018 - Announcing Auction Process for FirstEnergy’s Pennsylvania April 2018 DSP-IV AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-IV April 2018 Auction. View the full news release (PDF). |
| Thursday, January 11, 2018 - Commission Accepts Results of January 2018 Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the DSP-IV Residential/Commercial (Fixed Price) Auction and Industrial (Hourly Priced) Auction held January 8-9, 2018 to procure full requirements Default Supply generation service for the period starting March 2018 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Friday, December 15, 2017 - Announcement regarding Tranche Sizes for January 2018 Default Service Auctions Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for January 2018 from the announcement made on November 20, 2017. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Monday, December 11, 2017 - Announcement of Minimum and Maximum Starting Prices for DSP-IV January 2018 Default Service AuctionsThe minimum and maximum starting prices for the products in the DSP-IV Residential/Commercial (Fixed Price) Auction scheduled for January 8, 2018 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $68.00 | $91.00 | | Commercial 12-Month | $70.00 | $93.00 | | Commercial 3-Month | $69.00 | $93.00 | | Penelec | | Residential 12-Month | $65.00 | $89.00 | | Commercial 12-Month | $69.00 | $92.00 | | Commercial 3-Month | $70.00 | $93.00 | | Penn Power | | Residential 12-Month | $74.00 | $97.00 | | Commercial 12-Month | $83.00 | $106.00 | | Commercial 3-Month | $83.00 | $106.00 | | West Penn Power | | Residential 12-Month | $67.00 | $91.00 | | Commercial 12-Month | $69.00 | $92.00 | | Commercial 3-Month | $69.00 | $92.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. The minimum and maximum starting prices for the products in the DSP-IV Industrial (Hourly-Priced) Auction scheduled for January 8, 2018 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Industrial 12-Month | $29.00 | $41.00 | | Penelec | Industrial 12-Month | $22.00 | $34.00 | | Penn Power | Industrial 12-Month | $15.00 | $27.00 | | West Penn Power | Industrial 12-Month | $19.00 | $31.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Monday, November 20, 2017 - Announcement of Tranche Targets and Tranche Sizes for January 2018 Default Service AuctionsPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) scheduled for January 2018, there are twelve proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 49.79 | 4 | 16.7% | 12 Months
June 2018 - May 2019 | | Commercial (Fixed Price) | 47.76 | 4 | 28.6% | 3 Months
March 2018 - May 2018 | | Commercial (Fixed Price) | 47.76 | 2 | 14.3% | 12 Months
June 2018 - May 2019 | | Penelec | Residential (Fixed Price) | 48.28 | 3 | 18.8% | 12 Months
June 2018 - May 2019 | | Commercial (Fixed Price) | 49.33 | 4 | 25.0% | 3 Months
March 2018 - May 2018 | | Commercial (Fixed Price) | 49.33 | 2 | 12.5% | 12 Months
June 2018 - May 2019 | | Penn Power | Residential (Fixed Price) | 49.01 | 1 | 14.3% | 12 Months
June 2018 - May 2019 | | Commercial (Fixed Price) | 45.84 | 2 | 28.6% | 3 Months
March 2018 - May 2018 | | Commercial (Fixed Price) | 45.84 | 1 | 14.3% | 12 Months
June 2018 - May 2019 | | West Penn Power | Residential (Fixed Price) | 50.73 | 5 | 17.9% | 12 Months
June 2018 - May 2019 | | Commercial (Fixed Price) | 50.79 | 5 | 26.3% | 3 Months
March 2018 - May 2018 | | Commercial (Fixed Price) | 50.79 | 2 | 10.5% | 12 Months
June 2018 - May 2019 | For the hourly-priced auction (“HP Auction”) scheduled for January 2018, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Industrial (Hourly Priced) | 104.60 | 8 | 100% | 12 Months
June 2018 - May 2019 | | Penelec | | Industrial (Hourly Priced) | 98.75 | 9 | 100% | 12 Months
June 2018 - May 2019 | | Penn Power | | Industrial (Hourly Priced) | 90.34 | 2 | 100% | 12 Months
June 2018 - May 2019 | | West Penn Power | | Industrial (Hourly Priced) | 97.14 | 13 | 100% | 12 Months
June 2018 - May 2019 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Thursday, November 9, 2017 - Announcing Auction Process for FirstEnergy’s Pennsylvania January 2018 DSP-IV AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-IV January 2018 Auction. View the full news release (PDF). |
| Wednesday, November 1, 2017 - Commission Accepts Results of October 2017 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-IV Residential/Commercial (Fixed Price) Auction held October 30, 2017 to procure full requirements Default Supply generation service for the period starting December 2017 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, October 11, 2017 - Announcement regarding Tranche Sizes for October 2017 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for October 2017 from the announcement made on September 6, 2017. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Monday, October 2, 2017 - Announcement of Minimum and Maximum Starting Prices for October 2017 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed Price) Auction scheduled for October 30, 2017 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $66.00 | $89.00 | | Commercial 3-Month | $75.00 | $98.00 | | Commercial 12-Month | $67.00 | $90.00 | | Penelec | | Residential 12-Month | $63.00 | $86.00 | | Commercial 3-Month | $73.00 | $96.00 | | Commercial 12-Month | $67.00 | $90.00 | | Penn Power | | Residential 12-Month | $70.00 | $93.00 | | Commercial 3-Month | $81.00 | $104.00 | | Commercial 12-Month | $78.00 | $101.00 | | West Penn Power | | Residential 12-Month | $66.00 | $89.00 | | Commercial 3-Month | $72.00 | $95.00 | | Commercial 12-Month | $67.00 | $90.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Wednesday, September 6, 2017 - Announcement of Tranche Targets and Tranche Sizes for October 2017 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the Default Service Auction Process scheduled for October 2017 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 49.79 | 4 | 16.7% | 12 Months June 2018 - May 2019 | | Commercial (Fixed Price) | 47.76 | 4 | 28.6% | 3 Months December 2017 - February 2018 | | Commercial (Fixed Price) | 47.76 | 2 | 14.3% | 12 Months June 2018 - May 2019 | | Penelec | Residential (Fixed Price) | 48.28 | 2 | 12.5% | 12 Months June 2018 - May 2019 | | Commercial (Fixed Price) | 49.33 | 4 | 25.0% | 3 Months December 2017 - February 2018 | | Commercial (Fixed Price) | 49.33 | 2 | 12.5% | 12 Months June 2018 - May 2019 | | Penn Power | Residential (Fixed Price) | 49.01 | 1 | 14.3% | 12 Months June 2018 - May 2019 | | Commercial (Fixed Price) | 45.84 | 2 | 28.6% | 3 Months December 2017 - February 2018 | | Commercial (Fixed Price) | 45.84 | 1 | 14.3% | 12 Months June 2018 - May 2019 | | West Penn Power | Residential (Fixed Price) | 50.73 | 4 | 14.3% | 12 Months June 2018 - May 2019 | | Commercial (Fixed Price) | 50.79 | 5 | 26.3% | 3 Months December 2017 - February 2018 | | Commercial (Fixed Price) | 50.79 | 2 | 10.5% | 12 Months June 2018 - May 2019 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Monday, August 7, 2017 - Announcing Auction Process for FirstEnergy’s Pennsylvania October 2017 DSP-IV AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-IV October 2017 Auction. View the full news release (PDF). |
| Wednesday, June 7, 2017 - Commission Accepts Results of June 2017 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-IV Commercial (Fixed Price) Auction held June 5, 2017 to procure full requirements Default Supply generation service for the period starting September 2017 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, May 17, 2017 - Announcement regarding Tranche Sizes for June 2017 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for June 2017 from the announcement made on April 20, 2017. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Monday, May 15, 2017 - Announcement of Minimum and Maximum Starting Prices for June 2017 Default Service AuctionThe minimum and maximum starting prices for the products in the Commercial (Fixed Price) Auction scheduled for June 5, 2017 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial 3-Month | $63.00 | $85.00 | | Penelec | Commercial 3-Month | $66.00 | $88.00 | | Penn Power | Commercial 3-Month | $79.00 | $101.00 | | West Penn Power | Commercial 3-Month | $65.00 | $87.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, April 20, 2017 - Announcement of Tranche Targets and Tranche Sizes for June 2017 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the Default Service Auction Process scheduled for June 2017 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial (Fixed Price) | 47.76 | 4 | 28.6% | 3 Months
September 2017 - November 2017 | | Penelec | | Commercial (Fixed Price) | 49.33 | 4 | 25.0% | 3 Months
September 2017 - November 2017 | | Penn Power | | Commercial (Fixed Price) | 45.84 | 2 | 28.6% | 3 Months
September 2017 - November 2017 | | West Penn Power | | Commercial (Fixed Price) | 50.79 | 5 | 26.3% | 3 Months
September 2017 - November 2017 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, April 12, 2017 - Commission Accepts Results of April 2017 DSP-IV Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-IV Residential/Commercial (Fixed Price) Auction held April 10, 2017 to procure full requirements Default Supply generation service for the period starting June 2017 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Monday, March 20, 2017 - Announcement regarding Tranche Sizes for April 2017 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There is no change in the MW-measure of the tranches in the auction scheduled for April 2017 from the announcement made on February 9, 2017. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Thursday, March 9, 2017 - Announcement of Minimum and Maximum Starting Prices for April 2017 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed Price) Auction scheduled for April 10, 2017 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $67.00 | $89.00 | | Residential 24-Month | $66.00 | $89.00 | | Commercial 3-Month | $65.00 | $87.00 | | Commercial 12-Month | $68.00 | $90.00 | | Commercial 24-Month | $68.00 | $90.00 | | Penelec | | Residential 12-Month | $64.00 | $86.00 | | Residential 24-Month | $64.00 | $86.00 | | Commercial 3-Month | $67.00 | $89.00 | | Commercial 12-Month | $68.00 | $90.00 | | Commercial 24-Month | $68.00 | $90.00 | | Penn Power | | Residential 12-Month | $70.00 | $92.00 | | Residential 24-Month | $70.00 | $92.00 | | Commercial 3-Month | $78.00 | $100.00 | | Commercial 12-Month | $79.00 | $101.00 | | Commercial 24-Month | $79.00 | $101.00 | | West Penn Power | | Residential 12-Month | $66.00 | $88.00 | | Residential 24-Month | $66.00 | $88.00 | | Commercial 3-Month | $65.00 | $87.00 | | Commercial 12-Month | $67.00 | $89.00 | | Commercial 24-Month | $67.00 | $89.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, February 9, 2017 - Announcement of Tranche Targets and Tranche Sizes for April 2017 Default Service Auction Pursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %).
The tranche targets and tranche sizes for the products to be auctioned in the Default Service Auction Process scheduled for April 2017 are as follows: | Company | Product | MW/Tranche | #Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Residential (Fixed Price) | 49.79 | 4 | 16.67% | 12 Months
Jun 2017 - May 2018 | | Residential (Fixed Price) | 49.79 | 4 | 16.67% | 24 Months
Jun 2017 - May 2019 | | Commercial (Fixed Price) | 47.76 | 4 | 28.57% | 3 Months
Jun 2017 - Aug 2017 | | Commercial (Fixed Price) | 47.76 | 1 | 7.14% | 12 Months
Jun 2017 - May 2018 | | Commercial (Fixed Price) | 47.76 | 1 | 7.14% | 24 Months
Jun 2017 - May 2019 | | Penelec | | Residential (Fixed Price) | 48.28 | 3 | 18.75% | 12 Months
Jun 2017 - May 2018 | | Residential (Fixed Price) | 48.28 | 3 | 18.75% | 24 Months
Jun 2017 - May 2019 | | Commercial (Fixed Price) | 49.33 | 4 | 25.00% | 3 Months
Jun 2017 - Aug 2017 | | Commercial (Fixed Price) | 49.33 | 1 | 6.25% | 12 Months
Jun 2017 - May 2018 | | Commercial (Fixed Price) | 49.33 | 1 | 6.25% | 24 Months
Jun 2017 - May 2019 | | Penn Power | | Residential (Fixed Price) | 49.01 | 2 | 28.57% | 12 Months
Jun 2017 - May 2018 | | Residential (Fixed Price) | 49.01 | 1 | 14.29% | 24 Months
Jun 2017 - May 2019 | | Commercial (Fixed Price) | 45.84 | 2 | 28.57% | 3 Months
Jun 2017 - Aug 2017 | | Commercial (Fixed Price) | 45.84 | 1 | 14.29% | 12 Months
Jun 2017 - May 2018 | | Commercial (Fixed Price) | 45.84 | 0 | 0.00% | 24 Months
Jun 2017 - May 2019 | | West Penn Power | | Residential (Fixed Price) | 50.73 | 5 | 17.86% | 12 Months
Jun 2017 - May 2018 | | Residential (Fixed Price) | 50.73 | 5 | 17.86% | 24 Months
Jun 2017 - May 2019 | | Commercial (Fixed Price) | 50.79 | 5 | 26.32% | 3 Months
Jun 2017 - Aug 2017 | | Commercial (Fixed Price) | 50.79 | 1 | 5.26% | 12 Months
Jun 2017 - May 2018 | | Commercial (Fixed Price) | 50.79 | 1 | 5.26% | 24 Months
Jun 2017 - May 2019 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period.
“MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors.
Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Friday, February 3, 2017 - Announcing Auction Process for FirstEnergy’s Pennsylvania April 2017 DSP-IV AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-IV April 2017 Auction. View the full news release (PDF). |
| Wednesday, January 25, 2017 - Commission Accepts Results of January 2017 DSP-IV Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the DSP-IV Residential/Commercial (Fixed Price) Auction and DSP-IV Industrial (Hourly-Priced) Auction held January 23, 2017 to procure full requirements Default Supply generation service for the period starting June 2017 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, January 25, 2017 - Commission Accepts Results of January 2017 DSP-III Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the DSP-III Commercial (Fixed Price) Auction held January 23, 2017 to procure full requirements Default Supply generation service for the period starting March 2017 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Friday, December 16, 2016 - Announcement regarding Tranche Sizes for January 2017 DSP-III and DSP-IV Default Service Auctions Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There is no change in the MW-measure of the tranches in the auctions scheduled for January 2017 from the announcement made on November 4, 2016. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Wednesday, December 7, 2016 - Announcement of Minimum and Maximum Starting Prices for DSP-IV January 2017 Default Service AuctionsThe minimum and maximum starting prices for the products in the DSP-IV Residential/Commercial (Fixed Price) Auction scheduled for January 23, 2017 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $67.00 | $89.00 | | Residential 24-Month | $66.00 | $88.00 | | Commercial 12-Month | $68.00 | $90.00 | | Commercial 24-Month | $68.00 | $90.00 | | Penelec | | Residential 12-Month | $64.00 | $86.00 | | Residential 24-Month | $64.00 | $86.00 | | Commercial 12-Month | $67.00 | $90.00 | | Commercial 24-Month | $67.00 | $90.00 | | Penn Power | | Residential 12-Month | $69.00 | $91.00 | | Residential 24-Month | $68.00 | $91.00 | | Commercial 12-Month | $78.00 | $100.00 | | Commercial 24-Month | $78.00 | $100.00 | | West Penn Power | | Residential 12-Month | $65.00 | $87.00 | | Residential 24-Month | $65.00 | $87.00 | | Commercial 12-Month | $65.00 | $88.00 | | Commercial 24-Month | $65.00 | $87.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. The minimum and maximum starting prices for the products in the DSP-IV Industrial (Hourly-Priced) Auction scheduled for January 23, 2017 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Industrial 12-Month | $26.00 | $38.00 | | Penelec | Industrial 12-Month | $18.00 | $31.00 | | Penn Power | Industrial 12-Month | $13.00 | $25.00 | | West Penn Power | Industrial 12-Month | $16.00 | $29.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Wednesday, December 7, 2016 - Announcement of Minimum and Maximum Starting Prices for DSP-III January 2017 Default Service AuctionThe minimum and maximum starting prices for the products in the DSP-III Commercial (Fixed Price) Auction scheduled for January 23, 2017 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial 3-Month | $70.00 | $92.00 | | Penelec | Commercial 3-Month | $69.00 | $91.00 | | Penn Power | Commercial 3-Month | $78.00 | $101.00 | | West Penn Power | Commercial 3-Month | $61.00 | $84.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Friday, November 4, 2016 - Announcement of Tranche Targets and Tranche Sizes for DSP-IV January 2017 Default Service AuctionsPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auctions the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the DSP-IV Default Service Auction Process scheduled for January 2017 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 49.79 | 4 | 16.67% | 12 Months
Jun 2017 - May 2018 | | Residential (Fixed Price) | 49.79 | 4 | 16.67% | 24 Months
Jun 2017 - May 2019 | | Commercial (Fixed Price) | 47.76 | 2 | 14.29% | 12 Months
Jun 2017 - May 2018 | | Commercial (Fixed Price) | 47.76 | 2 | 14.29% | 24 Months
Jun 2017 - May 2019 | | Penelec | Residential (Fixed Price) | 48.28 | 3 | 18.75% | 12 Months
Jun 2017 - May 2018 | | Residential (Fixed Price) | 48.28 | 3 | 18.75% | 24 Months
Jun 2017 - May 2019 | | Commercial (Fixed Price) | 49.33 | 3 | 18.75% | 12 Months
Jun 2017 - May 2018 | | Commercial (Fixed Price) | 49.33 | 3 | 18.75% | 24 Months
Jun 2017 - May 2019 | | Penn Power | Residential (Fixed Price) | 49.01 | 1 | 14.29% | 12 Months
Jun 2017 - May 2018 | | Residential (Fixed Price) | 49.01 | 1 | 14.29% | 24 Months
Jun 2017 - May 2019 | | Commercial (Fixed Price) | 45.84 | 1 | 14.29% | 12 Months
Jun 2017 - May 2018 | | Commercial (Fixed Price) | 45.84 | 1 | 14.29% | 24 Months
Jun 2017 - May 2019 | | West Penn Power | Residential (Fixed Price) | 50.73 | 5 | 17.86% | 12 Months
Jun 2017 - May 2018 | | Residential (Fixed Price) | 50.73 | 5 | 17.86% | 24 Months
Jun 2017 - May 2019 | | Commercial (Fixed Price) | 50.79 | 3 | 15.79% | 12 Months
Jun 2017 - May 2018 | | Commercial (Fixed Price) | 50.79 | 3 | 15.79% | 24 Months
Jun 2017 - May 2019 | For the hourly-priced auction (“HP Auction”) Auction scheduled for January 2017, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Industrial (Hourly Priced) | 104.60 | 8 | 100.00% | 12 Months
June 2017 - May 2018 | | Penelec | | Industrial (Hourly Priced) | 98.75 | 9 | 100.00% | 12 Months
June 2017 - May 2018 | | Penn Power | | Industrial (Hourly Priced) | 90.34 | 2 | 100.00% | 12 Months
June 2017 - May 2018 | | West Penn Power | | Industrial (Hourly Priced) | 97.14 | 13 | 100.00% | 12 Months
June 2017 - May 2018 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Friday, November 4, 2016 - Announcement of Tranche Targets and Tranche Sizes for DSP-III January 2017 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the DSP-III Default Service Auction Process scheduled for January 2017 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial (Fixed Price) | 51.66 | 3 | 23.08% | 3 Months
Mar 2017 - May 2017 | | Penelec | | Commercial (Fixed Price) | 49.69 | 5 | 33.33% | 3 Months
Mar 2017 - May 2017 | | Penn Power | | Commercial (Fixed Price) | 50.50 | 1 | 14.29% | 3 Months
Mar 2017 - May 2017 | | West Penn Power | | Commercial (Fixed Price) | 49.88 | 4 | 22.22% | 3 Months
Mar 2017 - May 2017 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Tuesday, October 25, 2016 - Announcing Auction Process for FirstEnergy’s Pennsylvania January 2017 DSP-III and DSP-IV AuctionsMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-III and DSP-IV January 2017 Auctions. View the full news release (PDF). |
| Thursday, October 20, 2016 - Commission Accepts Results of October 2016 DSP-IV Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-IV Residential/Commercial (Fixed Price) Auction held October 18, 2016 to procure full requirements Default Supply generation service for the period starting June 2017 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Thursday, October 20, 2016 - Commission Accepts Results of October 2016 DSP-III Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the DSP-III Commercial (Fixed Price) Auction held October 18, 2016 to procure full requirements Default Supply generation service for the period starting December 2016 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Monday, September 26, 2016 - Announcement regarding Tranche Sizes for October 2016 DSP-III and DSP-IV Default Service Auctions Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There is no change in the MW-measure of the tranches in the auctions scheduled for October 2016 from the announcement made on August 19, 2016. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Friday, September 16, 2016 - Announcement of Minimum and Maximum Starting Prices for October 2016 DSP-IV Default Service AuctionThe minimum and maximum starting prices for the products in the DSP-IV Residential/Commercial (Fixed Price) Auction scheduled for October 18, 2016 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $67.00 | $89.00 | | Residential 24-Month | $67.00 | $89.00 | | Commercial 12-Month | $69.00 | $91.00 | | Commercial 24-Month | $69.00 | $91.00 | | Penelec | | Residential 12-Month | $65.00 | $88.00 | | Residential 24-Month | $65.00 | $87.00 | | Commercial 12-Month | $69.00 | $91.00 | | Commercial 24-Month | $68.00 | $91.00 | | Penn Power | | Residential 12-Month | $70.00 | $92.00 | | Residential 24-Month | $70.00 | $92.00 | | Commercial 12-Month | $78.00 | $100.00 | | Commercial 24-Month | $78.00 | $100.00 | | West Penn Power | | Residential 12-Month | $69.00 | $91.00 | | Residential 24-Month | $69.00 | $91.00 | | Commercial 12-Month | $69.00 | $91.00 | | Commercial 24-Month | $69.00 | $91.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Friday, September 16, 2016 - Announcement of Minimum and Maximum Starting Prices for October 2016 DSP-III Default Service Auction The minimum and maximum starting prices for the products in the DSP-III Commercial (Fixed Price) Auction scheduled for October 18, 2016 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial 3-Month | $81.00 | $103.00 | | Penelec | Commercial 3-Month | $75.00 | $97.00 | | Penn Power | Commercial 3-Month | $81.00 | $103.00 | | West Penn Power | Commercial 3-Month | $70.00 | $92.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Friday, August 19, 2016 - Announcement of Tranche Targets and Tranche Sizes for DSP-IV October 2016 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the DSP-IV Default Service Auction Process scheduled for October 2016 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 49.79 | 4 | 16.67% | 12 Months
Jun 2017 - May 2018 | | Residential (Fixed Price) | 49.79 | 4 | 16.67% | 24 Months
Jun 2017 - May 2019 | | Commercial (Fixed Price) | 47.76 | 2 | 14.29% | 12 Months
Jun 2017 - May 2018 | | Commercial (Fixed Price) | 47.76 | 2 | 14.29% | 24 Months
Jun 2017 - May 2019 | | Penelec | Residential (Fixed Price) | 48.28 | 2 | 12.50% | 12 Months
Jun 2017 - May 2018 | | Residential (Fixed Price) | 48.28 | 2 | 12.50% | 24 Months
Jun 2017 - May 2019 | | Commercial (Fixed Price) | 49.33 | 2 | 12.50% | 12 Months
Jun 2017 - May 2018 | | Commercial (Fixed Price) | 49.33 | 2 | 12.50% | 24 Months
Jun 2017 - May 2019 | | Penn Power | Residential (Fixed Price) | 49.01 | 1 | 14.29% | 12 Months
Jun 2017 - May 2018 | | Residential (Fixed Price) | 49.01 | 1 | 14.29% | 24 Months
Jun 2017 - May 2019 | | Commercial (Fixed Price) | 45.84 | 1 | 14.29% | 12 Months
Jun 2017 - May 2018 | | Commercial (Fixed Price) | 45.84 | 1 | 14.29% | 24 Months
Jun 2017 - May 2019 | | West Penn Power | Residential (Fixed Price) | 50.73 | 4 | 14.29% | 12 Months
Jun 2017 - May 2018 | | Residential (Fixed Price) | 50.73 | 4 | 14.29% | 24 Months
Jun 2017 - May 2019 | | Commercial (Fixed Price) | 50.79 | 3 | 15.79% | 12 Months
Jun 2017 - May 2018 | | Commercial (Fixed Price) | 50.79 | 3 | 15.79% | 24 Months
Jun 2017 - May 2019 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Friday, August 19, 2016 - Announcement of Tranche Targets and Tranche Sizes for DSP-III October 2016 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the DSP-III Default Service Auction Process scheduled for October 2016 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial (Fixed Price) | 51.66 | 3 | 23.08% | 3 Months
Dec 2016 - Feb 2017 | | Penelec | | Commercial (Fixed Price) | 49.69 | 5 | 33.33% | 3 Months
Dec 2016 - Feb 2017 | | Penn Power | | Commercial (Fixed Price) | 50.50 | 1 | 14.29% | 3 Months
Dec 2016 - Feb 2017 | | West Penn Power | | Commercial (Fixed Price) | 49.88 | 4 | 22.22% | 3 Months
Dec 2016 - Feb 2017 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value; the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Thursday, August 4, 2016 - Announcing Auction Process for FirstEnergy’s Pennsylvania October 2016 DSP-III and DSP-IV AuctionsMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-III and DSP-IV October 2016 Auctions. View the full news release (PDF). |
| Friday, July 15, 2016 - Commission Approves New Default Service Program (DSP-IV)The Pennsylvania Public Utilities Commission (PA PUC) has approved a new Default Service Program (DSP-IV) for Metropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”) utility companies of Akron, Ohio-based FirstEnergy Corp. The Commission’s Order can be viewed here. |
| Wednesday, June 29, 2016 - Commission Accepts Results of June 2016 DSP-III Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the Commercial (Fixed Price) Auction held June 27, 2016 to procure full requirements Default Supply generation service for the period starting September 1, 2016 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Tuesday, May 24, 2016 - Announcement of Minimum and Maximum Starting Prices for June 2016 DSP-III Default Service AuctionThe minimum and maximum starting prices for the products in the Commercial (Fixed Price) Auction scheduled for June 27, 2016 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial 3-Month | $66.00 | $90.00 | | Penelec | Commercial 3-Month | $66.00 | $90.00 | | Penn Power | Commercial 3-Month | $73.00 | $97.00 | | West Penn Power | Commercial 3-Month | $60.00 | $84.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Tuesday, May 3, 2016 - Announcement of Tranche Target and Tranche Size for June 2016 DSP-III Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) Auction scheduled for June 2016, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial (Fixed Price) | 51.66 | 3 | 23.08% | 3 Months
Sep 2016 - Nov 2016 | | Penelec | | Commercial (Fixed Price) | 49.69 | 5 | 33.33% | 3 Months
Sep 2016 - Nov 2016 | | Penn Power | | Commercial (Fixed Price) | 50.50 | 1 | 14.29% | 3 Months
Sep 2016 - Nov 2016 | | West Penn Power | | Commercial (Fixed Price) | 49.88 | 4 | 22.22% | 3 Months
Sep 2016 - Nov 2016 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value; the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Tuesday, April 19, 2016 - Announcing the Auction Process for FirstEnergy’s Pennsylvania June 2016 DSP-III AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-III June 2016 Auction. View the full news release (PDF). |
| Wednesday, April 13, 2016 - Commission Accepts Results of April 2016 DSP-III Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the Residential/Commercial (Fixed Price) Auction held April 11, 2016 to procure full requirements Default Supply generation service for the period starting June 1, 2016 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Friday, March 18, 2016 - Announcement regarding Tranche Size for April 2016 DSP-III Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There is no change in the MW-measure of the tranches in the auction scheduled for April 2016 from the announcement made on February 15, 2016. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, March 8, 2016 - Announcement of Minimum and Maximum Starting Prices for April 2016 DSP-III Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed Price) Auction scheduled for April 11, 2016 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $74.00 | $96.00 | | Commercial 3-Month | $74.00 | $97.00 | | Commercial 12-Month | $76.00 | $98.00 | | Penelec | | Residential 12-Month | $71.00 | $94.00 | | Commercial 3-Month | $74.00 | $96.00 | | Commercial 12-Month | $74.00 | $96.00 | | Penn Power | | Residential 12-Month | $73.00 | $95.00 | | Commercial 3-Month | $80.00 | $103.00 | | Commercial 12-Month | $79.00 | $102.00 | | West Penn Power | | Residential 12-Month | $67.00 | $89.00 | | Commercial 3-Month | $67.00 | $89.00 | | Commercial 12-Month | $67.00 | $90.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Monday, February 15, 2016 - Announcement of Tranche Target and Tranche Size for April 2016 DSP-III Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the Default Service Auction Process scheduled for April 2016 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 49.47 | 5 | 20.0% | 12 Months
June 2016 – May 2017 | | Commercial (Fixed Price) | 51.66 | 3 | 23.08% | 3 Months
June 2016 – Aug 2016 | | Commercial (Fixed Price) | 51.66 | 1 | 7.69% | 12 Months
June 2016 – May 2017 | | Penelec | Residential (Fixed Price) | 48.99 | 3 | 16.67% | 12 Months
June 2016 – May 2017 | | Commercial (Fixed Price) | 49.69 | 5 | 33.33% | 3 Months
June 2016 – Aug 2016 | | Commercial (Fixed Price) | 49.69 | 1 | 6.67% | 12 Months
June 2016 – May 2017 | | Penn Power | Residential (Fixed Price) | 48.66 | 1 | 16.67% | 12 Months
June 2016 – May 2017 | | Commercial (Fixed Price) | 50.50 | 1 | 14.29% | 3 Months
June 2016 – Aug 2016 | | Commercial (Fixed Price) | 50.50 | 1 | 14.29% | 12 Months
June 2016 – May 2017 | | West Penn Power | Residential (Fixed Price) | 50.02 | 5 | 17.86% | 12 Months
June 2016 – May 2017 | | Commercial (Fixed Price) | 49.88 | 4 | 22.22% | 3 Months
June 2016 – Aug 2016 | | Commercial (Fixed Price) | 49.88 | 3 | 16.67% | 12 Months
June 2016 – May 2017 | The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value; the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Tuesday, February 2, 2016 - Announcing the Auction Process for FirstEnergy’s Pennsylvania DSP-III April 2016 AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-III April 2016 Auction. View the full news release (PDF). |
| Thursday, January 21, 2016 - Commission Accepts Results of January 2016 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the Residential/Commercial (Fixed Price) Auction and Industrial (Hourly-Priced) Auction held January 19, 2016 to procure full requirements Default Supply generation service for the period starting June 1, 2016 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Friday, December 11, 2015 - Announcement regarding Tranche Size for the January 2016 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There is no change in the MW-measure of the tranches in the auctions scheduled for January 2016 from the announcement made on November 5, 2015. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, December 1, 2015 - Announcement of Minimum and Maximum Starting Prices for January 2016 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed Price) Auction scheduled for January 19, 2016 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $74.00 | $96.00 | | Commercial 3-Month | $77.00 | $99.00 | | Commercial 12-Month | $75.00 | $97.00 | | Penelec | | Residential 12-Month | $72.00 | $94.00 | | Commercial 3-Month | $76.00 | $98.00 | | Commercial 12-Month | $73.00 | $95.00 | | Penn Power | | Residential 12-Month | $71.00 | $93.00 | | Commercial 3-Month | $95.00 | $117.00 | | Commercial 12-Month | $76.00 | $98.00 | | West Penn Power | | Residential 12-Month | $66.00 | $89.00 | | Commercial 3-Month | $72.00 | $94.00 | | Commercial 12-Month | $67.00 | $89.00 | The minimum and maximum starting prices for the products in the Industrial (Hourly Priced) Auction scheduled for January 19, 2016 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Industrial 12-month | $21.00 | $37.00 | | Penelec | Industrial 12-month | $14.00 | $30.00 | | Penn Power | Industrial 12-month | $15.00 | $31.00 | | West Penn Power | Industrial 12-month | $11.00 | $27.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, November 5, 2015 - Announcement of Tranche Target and Tranche Size for January 2016 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). The tranche targets and tranche sizes for the products to be auctioned in the Default Service Auction Process scheduled for January 2016 are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 49.5 | 4 | 16.0% | 12 Months
June 2016 – May 2017 | | Commercial (Fixed Price) | 51.7 | 3 | 23.1% | 3 Months
March 2016 – May 2016 | | Commercial (Fixed Price) | 51.7 | 2 | 15.4% | 12 Months
June 2016 – May 2017 | | Penelec | Residential (Fixed Price) | 49 | 3 | 16.7% | 12 Months
June 2016 – May 2017 | | Commercial (Fixed Price) | 49.7 | 5 | 33.3% | 3 Months
March 2016 – May 2016 | | Commercial (Fixed Price) | 49.7 | 2 | 13.3% | 12 Months
June 2016 – May 2017 | | Penn Power | Residential (Fixed Price) | 48.7 | 1 | 16.7% | 12 Months
June 2016 – May 2017 | | Commercial (Fixed Price) | 50.5 | 1 | 14.3% | 3 Months
March 2016 – May 2016 | | Commercial (Fixed Price) | 50.5 | 1 | 14.3% | 12 Months
June 2016 – May 2017 | | West Penn Power | Residential (Fixed Price) | 50 | 5 | 17.9% | 12 Months
June 2016 – May 2017 | | Commercial (Fixed Price) | 49.9 | 4 | 22.2% | 3 Months
March 2016 – May 2016 | | Commercial (Fixed Price) | 49.9 | 2 | 11.1% | 12 Months
June 2016 – May 2017 | For the hourly-priced auction (“HP Auction”) Auction scheduled for January 2016, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Industrial (Hourly Priced) | 103.3 | 8 | 100.00% | 12 Months
June 2016 - May 2017 | | Penelec | | Industrial (Hourly Priced) | 94.8 | 9 | 100.00% | 12 Months
June 2016 - May 2017 | | Penn Power | | Industrial (Hourly Priced) | 115.1 | 2 | 100.00% | 12 Months
June 2016 - May 2017 | | West Penn Power | | Industrial (Hourly Priced) | 97.9 | 13 | 100.00% | 12 Months
June 2016 - May 2017 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, October 28, 2015 - Commission Accepts Results of October 2015 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the Residential/Commercial (Fixed Price) Auction held October 26, 2015 to procure full requirements Default Supply generation service for the period starting December 1, 2015 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Friday, October 23, 2015 - Announcing the Auction Process for FirstEnergy’s Pennsylvania DSP-III January 2016 AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-III January 2016 Auction. View the full news release (PDF). |
| Friday, October 2, 2015 - Announcement regarding Tranche Size for the October 2015 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There is no change in the MW-measure of the tranches in the auction scheduled for October 2015 from the announcement made on September 1, 2015. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, September 22, 2015 - Announcement of Minimum and Maximum Starting Prices for October 2015 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed Price) Auction scheduled for October 26, 2015 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $78.00 | $100.00 | | Commercial 3-Month | $97.00 | $119.00 | | Commercial 12-Month | $79.00 | $101.00 | | Penelec | | Residential 12-Month | $75.00 | $97.00 | | Commercial 3-Month | $90.00 | $113.00 | | Commercial 12-Month | $77.00 | $99.00 | | Penn Power | | Residential 12-Month | $71.00 | $93.00 | | Commercial 3-Month | $102.00 | $124.00 | | Commercial 12-Month | $76.00 | $98.00 | | West Penn Power | | Residential 12-Month | $70.00 | $92.00 | | Commercial 3-Month | $85.00 | $107.00 | | Commercial 12-Month | $70.00 | $93.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Tuesday, September 1, 2015 - Announcement of Tranche Target and Tranche Size for October 2015 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce, for each product in the auction, the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price Auction (“FP Auction”) scheduled for October 2015, there are twelve proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 49.5 | 4 | 16.00% | 12 Months
Jun 2016 - May 2017 | | Met-Ed | Commercial (Fixed Price) | 51.7 | 3 | 23.08% | 3 Months
Dec 2015 - Feb 2016 | | Met-Ed | Commercial (Fixed Price) | 51.7 | 2 | 15.38% | 12 Months
Jun 2016 – May 2017 | | Penelec | Residential (Fixed Price) | 49.0 | 3 | 16.67% | 12 Months
Jun 2016 - May 2017 | | Penelec | Commercial (Fixed Price) | 49.7 | 5 | 33.33% | 3 Months
Dec 2015 - Feb 2016 | | Penelec | Commercial (Fixed Price) | 49.7 | 2 | 13.33% | 12 Months
Jun 2016 – May 2017 | | Penn Power | Residential (Fixed Price) | 48.7 | 1 | 16.67% | 12 Months
Jun 2016 - May 2017 | | Penn Power | Commercial (Fixed Price) | 50.5 | 1 | 14.29% | 3 Months
Dec 2015 - Feb 2016 | | Penn Power | Commercial (Fixed Price) | 50.5 | 1 | 14.29% | 12 Months
Jun 2016 – May 2017 | | West Penn Power | Residential (Fixed Price) | 50.0 | 4 | 14.29% | 12 Months
Jun 2016 - May 2017 | | West Penn Power | Commercial (Fixed Price) | 49.9 | 4 | 22.22% | 3 Months
Dec 2015 - Feb 2016 | | West Penn Power | Commercial (Fixed Price) | 49.9 | 2 | 11.11% | 12 Months
Jun 2016 – May 2017 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value; the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Thursday, August 13, 2015 - Announcing the Auction Process for FirstEnergy’s Pennsylvania October 2015 AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program October 2015 Auction. View the full News Release (PDF). |
| Wednesday, June 24, 2015 - Commission Accepts Results of June 2015 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the Residential/Commercial (Fixed Price) Auction held June 22, 2015 to procure full requirements Default Supply generation service for the period starting September 1, 2015 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Friday, May 29, 2015 - Announcement regarding Tranche Size for June 2015 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There is no change in the MW-measure of the tranches in the auction scheduled for June 2015 from the announcement made on April 28, 2015. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, May 19, 2015 - Announcement of Minimum and Maximum Starting Prices for June 2015 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed Price) Auction scheduled for June 22, 2015 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial 3-Month | $78.00 | $101.00 | | Penelec | Commercial 3-Month | $77.00 | $99.00 | | Penn Power | Commercial 3-Month | $91.00 | $114.00 | | West Penn Power | Commercial 3-Month | $74.00 | $96.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Tuesday, April 28, 2015 - Announcement of Tranche Target and Tranche Size for June 2015 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) Auction scheduled for June 2015, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Commercial (Fixed Price) | 51.7 | 3 | 23.08% | 3 Months
Sep 2015 - Nov 2015 | | Penelec | Commercial (Fixed Price) | 49.7 | 5 | 33.33% | 3 Months
Sep 2015 - Nov 2015 | | Penn Power | Commercial (Fixed Price) | 50.5 | 1 | 14.29% | 3 Months
Sep 2015 - Nov 2015 | | West Penn Power | Commercial (Fixed Price) | 49.9 | 4 | 22.22% | 3 Months
Sep 2015 - Nov 2015 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value; the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, April 15, 2015 - Commission Accepts Results of April 2015 Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the Residential/Commercial (Fixed Price) Auction held April 13, 2015 to procure full requirements Default Supply generation service for the period starting June 1, 2015 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Friday, March 20, 2015 - Announcement regarding Tranche Size for April 2015 Default Service Auction Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator will announce any update to the MW-measure of the tranches in the auctions. There is no change in the MW-measure of the tranches in the auction scheduled for April 2015 from the announcement made on February 16, 2015. The caveat continues to apply that the tranche sizes are for reference purposes only and the Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, March 10, 2015 - Announcement of Minimum and Maximum Starting Prices for April 2015 Default Service AuctionThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed Price) Auction scheduled for April 13, 2015 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $81.00 | $103.00 | | Residential 24-Month | $78.00 | $101.00 | | Commercial 3-Month | $82.00 | $104.00 | | Commercial 12-Month | $82.00 | $104.00 | | Commercial 24-Month | $76.00 | $102.00 | | Penelec | | Residential 12-Month | $77.00 | $99.00 | | Residential 24-Month | $75.00 | $97.00 | | Commercial 3-Month | $79.00 | $102.00 | | Commercial 12-Month | $79.00 | $101.00 | | Commercial 24-Month | $77.00 | $99.00 | | Penn Power | | Residential 12-Month | $87.00 | $109.00 | | Residential 24-Month | $78.00 | $100.00 | | Commercial 3-Month | $95.00 | $117.00 | | Commercial 12-Month | $93.00 | $116.00 | | Commercial 24-Month | $83.00 | $105.00 | | West Penn Power | | Residential 12-Month | $75.00 | $97.00 | | Residential 24-Month | $72.00 | $94.00 | | Commercial 3-Month | $76.00 | $99.00 | | Commercial 12-Month | $76.00 | $98.00 | | Commercial 24-Month | $72.00 | $94.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Monday, February 16, 2015 - Announcement of Tranche Targets and Tranche Sizes for April 2015 Default Service Auctions Pursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %).
For the fixed-price auction (“FP Auction”) Auction scheduled for April 2015, there are twenty proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | #Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Residential (Fixed Price) | 49.5 | 5 | 20.00% | 12 Months
Jun 2015 - May 2016 | | Residential (Fixed Price) | 49.5 | 4 | 16.00% | 24 Months
Jun 2015 - May 2017 | | Commercial (Fixed Price) | 51.7 | 3 | 23.08% | 3 Months
Jun 2015 – Aug 2015 | | Commercial (Fixed Price) | 51.7 | 1 | 7.69% | 12 Months
Jun 2015 - May 2016 | | Commercial (Fixed Price) | 51.7 | 1 | 7.69% | 24 Months
Jun 2015 - May 2017 | | Penelec | | Residential (Fixed Price) | 49 | 3 | 16.67% | 12 Months
Jun 2015 - May 2016 | | Residential (Fixed Price) | 49 | 3 | 16.67% | 24 Months
Jun 2015 - May 2017 | | Commercial (Fixed Price) | 49.7 | 5 | 33.33% | 3 Months
Jun 2015 – Aug 2015 | | Commercial (Fixed Price) | 49.7 | 1 | 6.67% | 12 Months
Jun 2015 - May 2016 | | Commercial (Fixed Price) | 49.7 | 1 | 6.67% | 24 Months
Jun 2015 - May 2017 | | Penn Power | | Residential (Fixed Price) | 48.7 | 1 | 16.67% | 12 Months
Jun 2015 - May 2016 | | Residential (Fixed Price) | 48.7 | 1 | 16.67% | 24 Months
Jun 2015 - May 2017 | | Commercial (Fixed Price) | 50.5 | 1 | 14.29% | 3 Months
Jun 2015 – Aug 2015 | | Commercial (Fixed Price) | 50.5 | 1 | 14.29% | 12 Months
Jun 2015 – May 2016 | | Commercial (Fixed Price) | 50.5 | 1 | 14.29% | 24 Months
Jun 2015 – May 2017 | | West Penn Power | | Residential (Fixed Price) | 50 | 5 | 17.9% | 12 Months
Jun 2015 - May 2016 | | Residential (Fixed Price) | 50 | 5 | 17.9% | 24 Months
Jun 2015 - May 2017 | | Commercial (Fixed Price) | 49.9 | 4 | 22.22% | 3 Months
Jun 2015 – Aug 2015 | | Commercial (Fixed Price) | 49.9 | 1 | 5.56% | 12 Months
Jun 2015 - May 2016 | | Commercial (Fixed Price) | 49.9 | 1 | 5.56% | 24 Months
Jun 2015 - May 2017 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period.
“MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value; the actual nominal MW quantity during the Delivery Period will depend upon many factors.
Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Thursday, January 22, 2015 - Announcing the Auction Process for FirstEnergy’s Pennsylvania DSP-III April 2015 AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-III April 2015 Auction. View the full News Release (PDF). |
| Wednesday, January 14, 2015 - Commission Accepts Results of January 2015 Default Service AuctionsThe Pennsylvania Public Utility Commission today accepted the results of the Residential/Commercial (Fixed Price) Auction and Industrial (Hourly-Priced) Auction held January 12, 2015 to procure full requirements Default Supply generation service for the period starting June 1, 2015 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Thursday, December 4, 2014 - Announcement Regarding Tranche Sizes for January 2015 Default Service Auctions There are no changes to the tranche targets and tranche sizes that were announced on November 5, 2014 for the Companies' January 12, 2015 Default Service Auction. This updated announcement is being made pursuant to the Bidding Rules, which require that no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator announces any updates to the tranche targets and sizes in the auction(s). The Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors.
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| Tuesday, November 25, 2014 - Announcement of Minimum and Maximum Starting Prices for January 2015 Default Service AuctionsThe minimum and maximum starting prices for the products in the Residential/Commercial (Fixed Price) Auction scheduled for January 12, 2015 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $89.00 | $113.00 | | Residential 24-Month | $86.00 | $110.00 | | Commercial 12-Month | $90.00 | $114.00 | | Commercial 24-Month | $87.00 | $111.00 | | Penelec | | Residential 12-Month | $84.00 | $108.00 | | Residential 24-Month | $82.00 | $106.00 | | Commercial 12-Month | $86.00 | $110.00 | | Commercial 24-Month | $84.00 | $108.00 | | Penn Power | | Residential 12-Month | $93.00 | $117.00 | | Residential 24-Month | $85.00 | $109.00 | | Commercial 12-Month | $101.00 | $125.00 | | Commercial 24-Month | $91.00 | $115.00 | | West Penn Power | | Residential 12-Month | $82.00 | $105.00 | | Residential 24-Month | $78.00 | $102.00 | | Commercial 12-Month | $82.00 | $106.00 | | Commercial 24-Month | $78.00 | $102.00 | The minimum and maximum starting prices for the products in the Industrial (Hourly Priced) Auction scheduled for January 12, 2015 are as follows: | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Industrial 12-Month | $31.00 | $41.00 | | Penelec | | Industrial 12-Month | $25.00 | $35.00 | | Penn Power | | Industrial 12-Month | $23.00 | $33.00 | | West Penn Power | | Industrial 12-Month | $23.00 | $32.00 | The products’ starting prices are expected to fall within the ranges provided above and will be disclosed to bidders prior to the auction. |
| Thursday, November 13, 2014 - Announcing the Auction Process for FirstEnergy’s Pennsylvania DSP-III January 2015 AuctionMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program DSP-III January 2015 Auction. View the full news release (PDF) |
| Monday, November 10, 2014 - Announcement of updated FAQs under the Default Service Program DSP-IIIThe FAQ section of FirstEnergy's Pennsylvania Information Website has been updated to reflect changes relating to DSP-III. Additionally, several FAQs have been removed that were no longer relevant under DSP-III or that included outdated information. The updated questions can be viewed on the FAQ section here. |
| Wednesday, November 5, 2014 - Announcement of Tranche Targets and Tranche Sizes for Jan. 2015 Default Service AuctionsPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) scheduled for January 2015, there are sixteen proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 49.5 | 4 | 16.00% | 12 Months | | Jun 2015 - May 2016 | | Met-Ed | Residential (Fixed Price) | 49.5 | 4 | 16.00% | 24 Months | | Jun 2015 - May 2017 | | Met-Ed | Commercial (Fixed Price) | 51.7 | 2 | 15.38% | 12 Months | | Jun 2015 - May 2016 | | Met-Ed | Commercial (Fixed Price) | 51.7 | 2 | 15.38% | 24 Months | | Jun 2015 - May 2017 | | Penelec | Residential (Fixed Price) | 49 | 3 | 16.67% | 12 Months | | Jun 2015 - May 2016 | | Penelec | Residential (Fixed Price) | 49 | 3 | 16.67% | 24 Months | | Jun 2015 - May 2017 | | Penelec | Commercial (Fixed Price) | 49.7 | 2 | 13.33% | 12 Months | | Jun 2015 - May 2016 | | Penelec | Commercial (Fixed Price) | 49.7 | 2 | 13.33% | 24 Months | | Jun 2015 - May 2017 | | Penn Power | Residential (Fixed Price) | 48.7 | 1 | 16.67% | 12 Months | | Jun 2015 - May 2016 | | Penn Power | Residential (Fixed Price) | 48.7 | 1 | 16.67% | 24 Months | | Jun 2015 - May 2017 | | Penn Power | Commercial (Fixed Price) | 50.5 | 1 | 14.29% | 12 Months | | Jun 2015 - May 2016 | | Penn Power | Commercial (Fixed Price) | 50.5 | 1 | 14.29% | 24 Months | | Jun 2015 - May 2017 | | West Penn Power | Residential (Fixed Price) | 50 | 5 | 17.9% | 12 Months | | Jun 2015 - May 2016 | | West Penn Power | Residential (Fixed Price) | 50 | 5 | 17.9% | 24 Months | | Jun 2015 - May 2017 | | West Penn Power | Commercial (Fixed Price) | 49.9 | 3 | 16.67% | 12 Months | | Jun 2015 - May 2016 | | West Penn Power | Commercial (Fixed Price) | 49.9 | 3 | 16.67% | 24 Months | | Jun 2015 - May 2017 | For the hourly-priced auction (“HP Auction”) Auction scheduled for January 2015, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Industrial (Hourly Priced) | 103.3 | 8 | 100.00% | 12 Months | | Jun 2015 - May 2016 | | Penelec | Industrial (Hourly Priced) | 94.8 | 9 | 100.00% | 12 Months | | Jun 2015 - May 2016 | | Penn Power | Industrial (Hourly Priced) | 115.1 | 2 | 100.00% | 12 Months | | Jun 2015 - May 2016 | | West Penn Power | Industrial (Hourly Priced) | 97.9 | 13 | 100.00% | 12 Months | | Jun 2015 - May 2016 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Thursday, October 30, 2014 - Commission Accepts Results of DSP-III October 2014 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the Residential/Commercial (Fixed Price) Auction held October 27-28, 2014 to procure full requirements Default Supply generation service for the period starting June 1, 2015 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Wednesday, October 15, 2014 - Announcement of Seasonal Billing Factors for DSP-III October 2014 Default Service Auction Both the summer and non-summer seasonal billing factors for the FirstEnergy’s Pennsylvania October 2014 Default Service auction will be 1.000. The Supplier Master Agreement has been updated to reflect this and can be found on the “Supplier Documents” page of this Information Website. |
| Friday, October 3, 2014 - Announcement Regarding Tranche Sizes for DSP-III October 2014 Default Service Auction There are no changes to the tranche targets and tranche sizes that were announced on August 28, 2014 for the Companies' October 27, 2014 Default Service Auction. This updated announcement is being made pursuant to the Bidding Rules, which require that no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator announces any updates to the tranche targets and sizes in the auction(s). The Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Thursday, September 25, 2014 - Announcement of Minimum and Maximum Starting Prices for DSP-III October 2014 Default Service AuctionThe following table shows the minimum and maximum starting prices (in $/MWh) for the products in the Default Service Auction scheduled for October 2014. The products’ starting prices are expected to fall within the ranges shown below and will be disclosed to bidders prior to the auction. | Company | Product | MIN Starting Price | MAX Starting Price | | Met-Ed | | Residential 12-Month | $90.00 | $115.00 | | Residential 24-Month | $87.00 | $112.00 | | Commercial 12-Month | $91.00 | $116.00 | | Commercial 24-Month | $88.00 | $113.00 | | Penelec | | Residential 12-Month | $85.00 | $110.00 | | Residential 24-Month | $83.00 | $108.00 | | Commercial 12-Month | $87.00 | $112.00 | | Commercial 24-Month | $85.00 | $110.00 | | Penn Power | | Residential 12-Month | $97.00 | $123.00 | | Residential 24-Month | $88.00 | $114.00 | | Commercial 12-Month | $86.00 | $111.00 | | Commercial 24-Month | $81.00 | $106.00 | | West Penn Power | | Residential 12-Month | $86.00 | $111.00 | | Residential 24-Month | $81.00 | $107.00 | | Commercial 12-Month | $84.00 | $109.00 | | Commercial 24-Month | $80.00 | $105.00 | |
| Wednesday, September 17, 2014 - Commission Accepts Results of DSP-II September 2014 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the Commercial (Fixed Price) Auction held September 15, 2014 to procure full requirements Default Supply generation service for the period starting December 1, 2014 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Friday, September 12, 2014 - FERC issued Opinion directing ATSI to modify its current transmission rate designOn September 8, 2014, the Federal Energy Regulatory Commission (“FERC”) issued Opinion No. 533 pertaining to Docket No. EL11-54 directing American Transmission System, Incorporated to modify its current transmission rate design from a duel voltage or two rate mechanism to a single rate mechanism for all transmission customers operating the ATSI Zone. The change to the transmission rate design will be effective January 1, 2015. This affects current and future Default Service and EGS LSEs serving load in Penn Power as well as those potential bidders of Penn Power Default Service Auctions. For more information, please see the posted order and additional information posted on the FERC Website pertaining to Docket EL11-54-002. |
| Thursday, August 28, 2014 - Announcement of Tranche Targets and Tranche Sizes for DSP-III Oct. 2014 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the fixed-price auction (“FP Auction”) scheduled for October 2014, there are sixteen proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 49.5 | 4 | 16.00% | 12 Months
Jun 2015 - May 2016 | | Residential (Fixed Price) | 49.5 | 4 | 16.00% | 24 Months
Jun 2015 - May 2017 | | Commercial (Fixed Price) | 51.7 | 2 | 15.38% | 12 Months
Jun 2015 - May 2016 | | Commercial (Fixed Price) | 51.7 | 2 | 15.38% | 24 Months
Jun 2015 - May 2017 | | Penelec | Residential (Fixed Price) | 49 | 3 | 16.67% | 12 Months
Jun 2015 - May 2016 | | Residential (Fixed Price) | 49 | 3 | 16.67% | 24 Months
Jun 2015 - May 2017 | | Commercial (Fixed Price) | 49.7 | 2 | 13.33% | 12 Months
Jun 2015 - May 2016 | | Commercial (Fixed Price) | 49.7 | 2 | 13.33% | 24 Months
Jun 2015 - May 2017 | | Penn Power | Residential (Fixed Price) | 48.7 | 1 | 16.67% | 12 Months
Jun 2015 - May 2016 | | Residential (Fixed Price) | 48.7 | 1 | 16.67% | 24 Months
Jun 2015 - May 2017 | | Commercial (Fixed Price) | 50.5 | 1 | 14.29% | 12 Months
Jun 2015 - May 2016 | | Commercial (Fixed Price) | 50.5 | 1 | 14.29% | 24 Months
Jun 2015 - May 2017 | | West Penn Power | Residential (Fixed Price) | 50 | 4 | 14.29% | 12 Months
Jun 2015 - May 2016 | | Residential (Fixed Price) | 50 | 4 | 14.29% | 24 Months
Jun 2015 - May 2017 | | Commercial (Fixed Price) | 49.9 | 3 | 16.67% | 12 Months
Jun 2015 - May 2016 | | Commercial (Fixed Price) | 49.9 | 3 | 16.67% | 24 Months
Jun 2015 - May 2017 | “% of Total Tranches” is “# Tranches This Auction” divided by the total number of tranches intended to be procured in this and/or future auctions for the given company, product (customer class), and delivery period. “MW/Tranche” is approximate only and based on historical data. The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, August 20, 2014 - Announcement Regarding Tranche Sizes for DSP-II September 2014 Default Service Auction There are no changes to the tranche targets and tranche sizes that were announced on July 15, 2014 for the Companies' September 15, 2014 Default Service Auction. This updated announcement is being made pursuant to the Bidding Rules, which require that no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator announces any updates to the tranche targets and sizes in the auction(s). The Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors.
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| Tuesday, August 12, 2014 - Announcement of Minimum and Maximum Starting Prices for DSP-II Sept. 2014 Default Service AuctionThe following table shows the minimum and maximum starting prices (in $/MWh) for the products in the Default Service Auction scheduled for September 2014. The products’ starting prices are expected to fall within the ranges shown below and will be disclosed to bidders prior to the auction. | Company | Product | Delivery Period | MIN Starting Price | MAX Starting Price | | Met-Ed | | Commercial (Fixed Price) | 6 Months
(Dec 2014 - May 2015) | $ 88 | $ 113 | | Penelec | | Commercial (Fixed Price) | 6 Months
(Dec 2014 - May 2015) | $ 84 | $ 110 | | Penn Power | | Commercial (Fixed Price) | 6 Months
(Dec 2014 - May 2015) | $ 86 | $ 111 | | West Penn Power | | Commercial (Fixed Price) | 6 Months
(Dec 2014 - May 2015) | $ 82 | $ 107 | |
| Thursday, July 24, 2014 - Pennsylvania Public Utility Commission Opinion and Order Adopted for DSP-IIIThe Commission’s Opinion and Order for DSP-III, adopted and entered on July 24, 2014, can be viewed here. |
| Tuesday, July 15, 2014 - Announcement of Tranche Targets and Tranche Sizes for DSP-II September 2014 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the Commercial (Fixed Price) Auction scheduled for September 2014, there are four proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | | Commercial (Fixed Price) | 50 MW | 11 | 48% | 6 Months
Dec 2014 - May 2015 | | Penelec | | Commercial (Fixed Price) | 50 MW | 10 | 50% | 6 Months
Dec 2014 - May 2015 | | Penn Power | | Commercial (Fixed Price) | 50 MW | 3 | 43% | 6 Months
Dec 2014 - May 2015 | | West Penn Power | | Commercial (Fixed Price) | 50 MW | 9 | 47% | 6 Months
Dec 2014 - May 2015 | The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, January 15, 2014 - Commission Accepts Results of DSP-II January 2014 Default Service AuctionThe Pennsylvania Public Utility Commission today accepted the results of the Residential/Commercial (Fixed Price) Auction held January 13, 2014 to procure full requirements Default Supply generation service for the period starting June 1, 2014 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Thursday, December 5, 2013 - Announcement Regarding Tranche Sizes for DSP-II January 2014 Default Service Auction There are no changes to the tranche targets and tranche sizes that were announced on October 31, 2013 for the Companies' January 13, 2014 Default Service Auction. This updated announcement is being made pursuant to the Bidding Rules, which require that no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator announces any updates to the tranche targets and sizes in the auction(s). The Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors.
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| Tuesday, November 26, 2013 - Announcement of Minimum and Maximum Starting Prices for DSP-II January 2014 Default Service AuctionThe following table shows the minimum and maximum starting prices (in $/MWh) for the products in the Default Service Auction scheduled for January 2014. The products’ starting prices are expected to fall within the ranges shown below and will be disclosed to bidders prior to the auction. | Company | Product | Delivery Period | MIN Starting Price | MAX Starting Price | | Met-Ed | Residential
(Fixed Price) | 12 Months (Jun 2014 - May 2015) | $ 78 | $ 100 | | Commercial
(Fixed Price) | 12 Months (Jun 2014 - May 2015) | $ 77 | $ 100 | | Penelec | Residential
(Fixed Price) | 12 Months (Jun 2014 - May 2015) | $ 73 | $ 95 | | Commercial
(Fixed Price) | 12 Months (Jun 2014 - May 2015) | $ 72 | $ 95 | | Penn Power | Residential
(Fixed Price) | 12 Months (Jun 2014 - May 2015) | $ 70 | $ 93 | | Commercial
(Fixed Price) | 12 Months (Jun 2014 - May 2015) | $ 73 | $ 96 | | West Penn Power | Residential
(Fixed Price) | 12 Months (Jun 2014 - May 2015) | $ 70 | $ 93 | | Commercial
(Fixed Price) | 12 Months (Jun 2014 - May 2015) | $ 71 | $ 93 | |
| Thursday, October 31, 2013 - Announcement of Tranche Targets and Tranche Sizes for DSP-II January 2014 Default Service Auction Pursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the Residential/Commercial (Fixed Price) Auction scheduled for January 2014, there are eight proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 50 MW | 12 | 43% | 12 Months
Jun 2014 - May 2015 | | Commercial (Fixed Price) | 50 MW | 12 | 52% | 12 Months
Jun 2014 - May 2015 | | Penelec | Residential (Fixed Price) | 50 MW | 9 | 43% | 12 Months
Jun 2014 - May 2015 | | Commercial (Fixed Price) | 50 MW | 10 | 50% | 12 Months
Jun 2014 - May 2015 | | Penn Power | Residential (Fixed Price) | 50 MW | 3 | 37.5% | 12 Months
Jun 2014 - May 2015 | | Commercial (Fixed Price) | 50 MW | 4 | 57% | 12 Months
Jun 2014 - May 2015 | | West Penn Power | Residential (Fixed Price) | 50 MW | 15 | 50% | 12 Months
Jun 2014 - May 2015 | | Commercial (Fixed Price) | 50 MW | 10 | 53% | 12 Months
Jun 2014 - May 2015 | The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Friday, September 27, 2013 - Commission Accepts Results of DSP-II September 2013 Default Service Auctions The Pennsylvania Public Utility Commission today accepted the results of the Commercial (Fixed Price) Auction and the Industrial (Hourly Priced) Auction held September 25, 2013 to procure full requirements Default Supply generation service for the period starting December 1, 2013 for the Default Service Customers of Met-Ed, Penelec, Penn Power, and West Penn Power. The Independent Evaluator’s News Release and the Commission’s Secretarial Letter can be viewed on the Auction Results page. |
| Monday, September 23, 2013 - FirstEnergy’s Pennsylvania September 2013 Default Service Auctions Rescheduled FirstEnergy’s Pennsylvania September 2013 Default Service Auctions, originally scheduled for September 9, 2013, have been rescheduled for Wednesday, September 25, 2013.
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| Tuesday, September 17, 2013 - Public Hearing on “Electric Reliability Involving the Closing of Plants in Greene County” |
| Friday, September 6, 2013 - Auctions Scheduled for September 9, 2013 Postponed Until Further Notice Related to FAQs recently posted to the Information Website (PJM 00001-00003), the auctions scheduled for September 9, 2013 have been postponed until further notice. This is to ensure that bidders have sufficient time to review the available information.
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| Monday, August 19, 2013 - Announcement Regarding Tranche Sizes for September 2013 Default Service Auctions There are no changes to the tranche targets and tranche sizes that were announced on July 23, 2013 for the Companies' September 9, 2013 Default Service Auctions. This updated announcement is being made pursuant to the Bidding Rules, which require that no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator announces any updates to the tranche targets and sizes in the auction(s). The Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors.
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| Tuesday, August 13, 2013 - Announcement of Minimum and Maximum Starting Prices for September 2013 Default Service AuctionsThe following table shows the minimum and maximum starting prices (in $/MWh) for the products in the Default Service Auctions scheduled for September 2013. The products’ starting prices are expected to fall within the ranges shown below and will be disclosed to bidders prior to the auctions. | Company | Product | Delivery Period | MIN Starting Price | MAX Starting Price | | Met-Ed | Commercial
(Fixed Price) | 12 Months (Dec 2013 - Nov 2014) | $ 82 | $ 105 | | Industrial
(Hourly Priced) | 18 Months (Dec 2013 - May 2015) | $ 26 | $ 37 | | Penelec | Commercial
(Fixed Price) | 12 Months (Dec 2013 - Nov 2014) | $ 77 | $ 99 | | Industrial
(Hourly Priced) | 18 Months (Dec 2013 - May 2015) | $ 20 | $ 31 | | Penn Power | Commercial
(Fixed Price) | 12 Months (Dec 2013 - Nov 2014) | $ 69 | $ 92 | | Industrial
(Hourly Priced) | 18 Months (Dec 2013 - May 2015) | $ 15 | $ 25 | | West Penn Power | Commercial
(Fixed Price) | 12 Months (Dec 2013 - Nov 2014) | $ 68 | $ 90 | | Industrial
(Hourly Priced) | 18 Months (Dec 2013 - May 2015) | $ 15 | $ 25 | |
| Tuesday, July 23, 2013 - Announcement of Tranche Targets and Tranche Sizes for DSP-II September 2013 Default Service AuctionsPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auctions the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the Commercial (Fixed Price) Auction and the Industrial (Hourly Priced) Auction scheduled for September 2013, there are eight proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Commercial (Fixed Price) | 50 MW | 11 | 48% | 12 Months
Dec 2013 - Nov 2014 | | Industrial (Hourly Priced) | 100 MW | 11 | 100% | 18 Months
Dec 2013 - May 2015 | | Penelec | Commercial (Fixed Price) | 50 MW | 10 | 50% | 12 Months
Dec 2013 - Nov 2014 | | Industrial (Hourly Priced) | 100 MW | 11 | 100% | 18 Months
Dec 2013 - May 2015 | | Penn Power | Commercial (Fixed Price) | 50 MW | 3 | 43% | 12 Months
Dec 2013 - Nov 2014 | | Industrial (Hourly Priced) | 100 MW | 3 | 100% | 18 Months
Dec 2013 - May 2015 | | West Penn Power | Commercial (Fixed Price) | 50 MW | 9 | 47% | 12 Months
Dec 2013 - Nov 2014 | | Industrial (Hourly Priced) | 100 MW | 12 | 100% | 18 Months
Dec 2013 - May 2015 | The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power— do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Tuesday, July 16, 2013 - Pennsylvania Public Utility Commission Opinion and Order AdoptedThe Commission’s Opinion and Order adopted and entered on July 16, 2013 can be viewed here. |
| Friday, January 18, 2013 - Announcement Regarding Tranche Sizes for DSP-II February 2013 Default Service AuctionThere are no changes to the tranche targets and tranche sizes that were announced on December 12, 2012 for the Companies' February 12, 2013 Default Service Auction. This updated announcement is being made pursuant to the Bidding Rules, which require that no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator announces any updates to the tranche targets and sizes in the auction(s). The Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Friday, January 11, 2013 - Announcement of Minimum and Maximum Starting Prices for DSP-II February 2013 Default Service AuctionThe following table shows the minimum and maximum starting prices (in $/MWh) for the products in the Default Service Auction scheduled for February 2013. The products’ starting prices are expected to fall within the ranges shown below and will be disclosed to bidders prior to the auction. | Company | Product | Delivery Period | MIN Starting Price | MAX Starting Price | | Met-Ed | Residential
(Fixed Price) | 12 Months (Jun 2013 - May 2014) | $ 84 | $ 107 | | Commercial
(Fixed Price) | 12 Months (Jun 2013 - May 2014) | $ 83 | $ 105 | | Penelec | Residential
(Fixed Price) | 12 Months (Jun 2013 - May 2014) | $ 83 | $ 105 | | Commercial
(Fixed Price) | 12 Months (Jun 2013 - May 2014) | $ 81 | $ 103 | | Penn Power | Residential
(Fixed Price) | 12 Months (Jun 2013 - May 2014) | $ 70 | $ 93 | | Commercial
(Fixed Price) | 12 Months (Jun 2013 - May 2014) | $ 69 | $ 91 | | West Penn Power | Residential
(Fixed Price) | 12 Months (Jun 2013 - May 2014) | $ 73 | $ 95 | | Commercial
(Fixed Price) | 12 Months (Jun 2013 - Nov 2014) | $ 71 | $ 94 | |
| Wednesday, December 12, 2012 - Announcement of Tranche Targets and Tranche Sizes for DSP-II February 2013 Default Service AuctionPursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the Residential/Commercial (Fixed Price) Auction scheduled for February 2013, there are eight proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 50 MW | 12 | 43% | 12 Months
Jun 2013 - May 2014 | | Commercial (Fixed Price) | 50 MW | 12 | 52% | 12 Months
Jun 2013 - May 2014 | | Penelec | Residential (Fixed Price) | 50 MW | 9 | 43% | 12 Months
Jun 2013 - May 2014 | | Commercial (Fixed Price) | 50 MW | 10 | 50% | 12 Months
Jun 2013 - May 2014 | | Penn Power | Residential (Fixed Price) | 50 MW | 3 | 37.5% | 12 Months
Jun 2013 - May 2014 | | Commercial (Fixed Price) | 50 MW | 4 | 57% | 12 Months
Jun 2013 - May 2014 | | West Penn Power | Residential (Fixed Price) | 50 MW | 15 | 50% | 12 Months
Jun 2013 - May 2014 | | Commercial (Fixed Price) | 50 MW | 10 | 53% | 12 Months
Jun 2013 - May 2014 | The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Wednesday, December 5, 2012 - Announcement Regarding Tranche Sizes for DSP-II January 2013 Default Service AuctionsThere are no changes to the tranche targets and tranche sizes that were announced on October 30, 2012 for the Companies' January 14, 2013 Default Service Auctions. This updated announcement is being made pursuant to the Bidding Rules, which require that no later than four (4) days prior to the Part 2 Application Due Date, the Independent Evaluator announces any updates to the tranche targets and sizes in the auction(s). The Companies do not represent that each tranche will have the loads indicated or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. |
| Tuesday, November 27, 2012 - Announcement of Minimum and Maximum Starting Prices for DSP-II January 2013 Default Service AuctionsThe following table shows the minimum and maximum starting prices (in $/MWh) for the products in the Default Service Auctions scheduled for January 2013. The products’ starting prices are expected to fall within the ranges shown below and will be disclosed to bidders prior to the auction. | Company | Product | Delivery Period | MIN Starting Price | MAX Starting Price | | Met-Ed | Residential (Fixed Price) | 24 Months (Jun 2013 - May 2015) | $ 89 | $ 112 | | Commercial (Fixed Price) | 6 Months (Jun 2013 - Nov 2013) | $ 100 | $ 123 | | Industrial (Hourly Priced) | 24 Months (Jun 2013 - May 2015) | $ 22 | $ 32 | | Penelec | Residential (Fixed Price) | 24 Months (Jun 2013 - May 2015) | $ 87 | $ 110 | | Commercial (Fixed Price) | 6 Months (Jun 2013 - Nov 2013) | $ 92 | $115 | | Industrial (Hourly Priced) | 24 Months (Jun 2013 - May 2015) | $ 21 | $ 31 | | Penn Power | Residential (Fixed Price) | 24 Months (Jun 2013 - May 2015) | $ 79 | $ 102 | | Commercial (Fixed Price) | 6 Months (Jun 2013 - Nov 2013) | $ 75 | $ 98 | | Industrial (Hourly Priced) | 24 Months (Jun 2013 - May 2015) | $ 20 | $ 30 | | West Penn Power | Residential (Fixed Price) | 24 Months (Jun 2013 - May 2015) | $ 82 | $ 105 | | Commercial (Fixed Price) | 6 Months (Jun 2013 - Nov 2013) | $ 80 | $ 103 | | Industrial (Hourly Priced) | 24 Months (Jun 2013 - May 2015) | $ 21 | $ 31 | |
| Thursday, November 8, 2012 - Approval of Companies' Revised Default Service Plan Compliance FilingThe Companies’ Revised Default Service Plan Compliance Filing submitted to the Pennsylvania Public Utility Commission for approval on September 6, 2012 has been approved by the Commission as of November 8, 2012. See the Commission's Secretarial Letter here. |
| Tuesday, October 30, 2012 - Announcement of Tranche Targets and Tranche Sizes for DSP-II January 2013 Default Service Auctions Pursuant to the Bidding Rules, no later than eight (8) business days prior to the Part 1 Application Due Date, the Independent Evaluator will announce for each product in the auction the tranche target (i.e., the number of tranches being procured) and the size of each tranche (MW and %). For the Residential/Commercial (Fixed Price) Auction and the Industrial (Hourly Priced) Auction scheduled for January 2013, there are twelve proposed products and the tranche targets for the products are as follows: | Company | Product | MW/Tranche | # Tranches This Auction | % of Total Tranches | Delivery Period | | Met-Ed | Residential (Fixed Price) | 50 MW | 12 | 43% | 24 Months Jun 2013 - May 2015 | | Commercial (Fixed Price) | 50 MW | 11 | 48% | 6 Months Jun 2013 - Nov 2013 | | Industrial (Hourly Priced) | 100 MW | 11 | 100% | 24 Months Jun 2013 - May 2015 | | Penelec | Residential (Fixed Price) | 50 MW | 9 | 43% | 24 Months Jun 2013 - May 2015 | | Commercial (Fixed Price) | 50 MW | 10 | 50% | 6 Months Jun 2013 - Nov 2013 | | Industrial (Hourly Priced) | 100 MW | 11 | 100% | 24 Months Jun 2013 - May 2015 | | Penn Power | Residential (Fixed Price) | 50 MW | 3 | 38% | 24 Months Jun 2013 - May 2015 | | Commercial (Fixed Price) | 50 MW | 3 | 43% | 6 Months Jun 2013 - Nov 2013 | | Industrial (Hourly Priced) | 100 MW | 3 | 100% | 24 Months Jun 2013 - May 2015 | | West Penn Power | Residential (Fixed Price) | 50 MW | 15 | 50% | 24 Months Jun 2013 - May 2015 | | Commercial (Fixed Price) | 50 MW | 9 | 47% | 6 Months Jun 2013 - Nov 2013 | | Industrial (Hourly Priced) | 100 MW | 12 | 100% | 24 Months Jun 2013 - May 2015 | The values above are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. The Companies — Met-Ed, Penelec, Penn Power, and West Penn Power — do not represent that each tranche will have the loads shown above or any particular MW value - the actual nominal MW quantity during the Delivery Period will depend upon many factors. Neither the Companies, nor the Independent Evaluator, either individually or as corporations, nor any of their representatives, shall be liable to an interested party or any of its representatives for any consequences relating to or arising from the use of the information in this announcement. |
| Friday, October 5, 2012 - Announcing the Auction Process for FirstEnergy’s Pennsylvania Default Service ProgramMetropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”), utility companies of Akron, Ohio-based FirstEnergy Corp., announce their Pennsylvania Default Service Program for the delivery period June 1, 2013 through May 31, 2015. View the full news release (PDF) |
| Thursday, August 2, 2012 - Pennsylvania Public Utility Commission Opinion and Order AdoptedThe Commission’s Opinion and Order adopted August 2, 2012 and entered on August 16, 2012 can be viewed here. |
| Thursday, November 17, 2011 - Joint Petition of Companies for Approval of Their Default Service ProgramsJoint Petition of Metropolitan Edison Company, Pennsylvania Electric Company, Pennsylvania Power Company and West Penn Power Company for Approval of Their Default Service Programs can be viewed here. |
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