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Source: Dayton Daily News, OhioOct.儲存 31--The Dayton Power and Light Co. on Monday took another step toward market-based electric rates by completing its first wholesale auction for a portion of its power supply.Ultimately, such auctions will determine retail generation service rates through May 2017. The Public Utility Commission of Ohio said Wednesday it approved the auction results.The generation service rate represents about 50 percent of a consumer's electric bill.The winning bidders names will be released in 21 days.During the 24-round auction, PUCO said, three competitive suppliers submitted winning bids to provide electricity to DP&L customers. PUCO said the auction resulted in an average price of $49.32 per megawatt hour for 10 percent of DP&L's standard service offer load for the delivery period Jan. 1, 2014 through May 31, 2017."It is pleasing to see the auction process yielding positive results for this first wholesale auction for DP&L," PUCO Chairman To迷你倉d A. Snitchler said. "As each of Ohio's electric distribution utilities move towards market-based rates there's evidence that competition is working to keep prices lower for customers."In September, PUCO modified and approved DP&L's application for an electric security plan, effective through May 31, 2017. The approved plan will move DP&L towards a fully competitive market-based structure, PUCO said.During the term of the plan, DP&L will conduct auctions for 10 percent of its standard load for the period of Jan. 1, 2014 to Dec. 31, 2014; 40 percent for the period of Jan. 1, 2015 to Dec. 31, 2015; and 70 percent for the period of Jan. 1, 2016 to May 31, 2017.By the time the last auction is held in June of 2017, DP&L's prices will be completely set by auction, said PUCO spokesman Jason Gilham.Copyright: ___ (c)2013 the Dayton Daily News (Dayton, Ohio) Visit the Dayton Daily News (Dayton, Ohio) at .daytondailynews.com Distributed by MCT Information Services儲存倉