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March 06, 2014: ANNOUNCEMENT: Parameters for May 2014 Auction under AEP Ohio’s CBP

AEP Ohio’s May 2014 Auction will procure 25% of the hourly energy requirements of AEP Ohio’s SSO customers for the period starting November 1, 2014.

Please find below for AEP Ohio’s May 2014 Auction:

 Auction Date
 
Delivery Term
 
Delivery Period Tranche Target Tranche Size PLC (MW) MW-Measure
May 06, 2014 7 months Nov. 2014 – May 2015 25 1% 3,758.7 37.59

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

Please note that the PLC (MW) is based on the five highest coincident peaks experienced by PJM in 2013 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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