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December 12, 2013: ANNOUNCEMENT: Parameters for 14-month Auction under AEP Ohio’s CBP

Please find below for AEP Ohio’s 14-month Auction:

Auction Date Delivery Term Delivery Period Tranche Target Tranche Size PLC (MW) MW-Measure
February 25, 2014 14 months April 2014 – May 2015 10 1% 4,045.2 40.45

The minimum starting price will be $50/MWh and the maximum starting price will be $65/MWh.

The summer seasonal factor (June to September) is 1.0449 and the non-summer seasonal factor (October to May) is 0.9743.

Please note that the PLC (MW) is based on the five highest coincident peaks experienced by PJM in 2012 for SSO customers (i.e., non-shopping only). The MW-measure is provided for reference purposes only. The amount of actual energy quantity to be delivered depends on many factors (e.g., migration of SSO customers).

Click here to submit a question to the Auction Manager.

 

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