How DP&L’s New Electric Security Plan Will Impact Customers
The Public Utilities Commission of Ohio (PUCO) recently approved a new Electric Security Plan (ESP) for Dayton Power & Light Company (DP&L). On October 20, 2017, they announced the approval of this agreement that is set to determine DP&L’s standard service offer (SSO) for the next six years. The following are highlights from the announcement.
- DP&L will continue to use a competitive bidding process to secure its electric load for its non-shopping customers.
- DP&L will recover/credit the net proceeds from selling power from its share of the Ohio Valley Electric Corporation into the regional marketplace through the non-bypassable Reconciliation Rider.
- DP&L will also establish a distribution modernization rider (DMR) to provide it with capital, so that it will be financially healthy enough to make future investments in grid modernization. Although DP&L requested a $145 million dollar DMR rider annually for six years, the Commission approved recovery on the DMR at $105 million per year for three years. DP&L will also file a comprehensive grid modernization plan by August 1, 2018 for Commission review.
“Today’s order represents long-term rate stability in that the term of this rate plan is six years. It also includes important provisions for ensuring grid safety and reliability, funding for low-income residential customers, promotes economic development and provides enhancements to the competitive retail marketplace.”
– PUCO Chairman Asim Z. Haque
CEA will be reviewing the new tariff and communicating with our DP&L customers as to how this might affect their utilities budget moving forward. If you would like to receive a custom-impact analysis as well as recommendations on how to best operationally manage the changes, please contact your CEA representative or email firstname.lastname@example.org.
*Bullet pointed content directly quoted from the PUCO’s announcement. For the full article, follow this link: https://content.govdelivery.com/accounts/OHPUC/bulletins/1bed347