Electric Customer Choice Overview Business & Large Business Customers
Since January 2001, our electric customers have been able to choose a certified supplier to provide competitive retail electric generation service. The initial stage of Ohio Electric Choice, called the “Market Development Period” (MDP), expired for business customers on December 31, 2004.
The Market-Based Standard Service offer (MBSSO) became effective January 1, 2005 and remained in effect for a four-year period ending December 31, 2008.
On December 17, 2008, the Commission approved Duke Energy's Electric Security Plan Standard Service Offer (ESP-SSO) to replace the MBSSO. The Company's ESP-SSO is it's plan for the supply and pricing of electric generation service over the next three years. The plan requests recovery of costs for fuel used to generate electricity, electricity purchased wholesale, emission allowances and federally mandated carbon taxes. The goals of the plan include price stability, ensuring an adequate supply of electricity, promoting economic development, job retention, energy efficiency and conservation. The plan will be in effect through December 31, 2011.
On January 1, 2012 the Standard Service Offer - Electric Security Plan (SSO-ESP) went into effect and will run through May 31, 2015. The plan assesses customer rates based upon fully competitive auctions. The plan also provides DE-Ohio with a non-bypassable stability charge from 2012 to 2014 and requires DE-Ohio to transfer it's generation assets at net book value to an affiliate or subsidiary by December 31, 2014. The plan provides continued funding of economic growth and job creation within DE-Ohio's service territory as well as provides funding for low income families to support weatherization programs and fuel fund assistance and guaranteed discount for customers participating in DE-Ohio's percentage of income payment plan.
Detailed information on the Electric Customer Choice Program is available here.