What is SCO (Standard Choice Offer) and how is it different from SSO (Standard Service Offer)?
The SCO is a regulated monthly rate set according to the NYMEX in which all Choice-eligible customers who have not selected a supplier are billed at the SCO rate. The SCO rate changes monthly due to fluctuations in the price of natural gas on the NYMEX. Under the system, the company conducts an auction, supervised by the Public Utilities Commission of Ohio, to determine the Retail Price Adjustment. That adjustment is added to the New York Mercantile Exchange (NYMEX) monthly closing price to determine the monthly SCO for Energy Choice-eligible customers. Unlike the Standard Service Offer (SSO), the company assigns customers to a specific supplier and identifies that designated supplier on the bill. The company continues to offer the SSO for Percentage of Income Payment Plan customers and those who are not eligible to participate in Energy Choice. All Standard Choice Offer customers pay the same rate for natural gas, no matter which supplier is assigned to them. Additionally, SCO custome
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