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The Hybrid of Electric Competition: State Policy & Commercial and Industrial Markets

The Hybrid of Electric Competition: State Policy & Commercial and Industrial Markets. Donald L. Mason, Esq. Commissioner Public Utilities Commission of Ohio. Thursday, February 17, 2005. Ohio’s Electric Restructuring. Market Development Period 2001-2005 Rate Stabilization Period 2006-2008

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The Hybrid of Electric Competition: State Policy & Commercial and Industrial Markets

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  1. The Hybrid of Electric Competition: State Policy & Commercial and Industrial Markets Donald L. Mason, Esq. Commissioner Public Utilities Commission of Ohio Thursday, February 17, 2005

  2. Ohio’s Electric Restructuring • Market Development Period 2001-2005 • Rate Stabilization Period 2006-2008 • Market Rates 2009

  3. Market Development Period • Frozen Generation, Transmission and Distribution Rates • Stranded Cost Recovery within Frozen Rate Structure • Corporate Separation • Required Regional Transmission Organization Participation • Shopping Credit Model

  4. Rate Stabilization Period • Continued Development of Wholesale Market • Not Mandated by Statute - Commission Requested • Predictable Rates, Financial Stability, and Continued Development of the Market • Avoidable Charge Model

  5. Rate Stabilization Period (cont) • Current Generation Rates plus increases for Environmental Costs, Taxes and Fuel = Standard Service Offer • Standard Service Offer includes Unavoidable Charges for Rate Stabilization Risks and Provider of Last Resort Risks • Transmission Rates are Unfrozen • Distribution Rates are Unfrozen for CG&E and Monongahela Power

  6. Special Circumstances • First Energy’s Annual Auction • Monongahela Power Was Not Able To Negotiate A Rate Stabilization Plan

  7. After Rate Stabilization Period • SSO Rates = Market Rates • SSO Rates Established by Either Auction or RFP • SSO Rates Must be Fixed and Variable (Plain Vanilla)

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