If you received a postcard saying you were assigned to Barracuda Energy, or if you are wondering why Barracuda Energy is on your bill... Here is some more information
The Standard Choice Offer is the rate most residential and small nonresidential customers who are eligible for Energy Choice, but have not chosen a supplier or joined a municipal aggregation program, pay for their natural gas consumption. These customers are assigned to a retail natural gas supplier and pay the same monthly variable SCO rate, regardless of the assigned supplier.
The SCO rate changes monthly based on the monthly closing price of natural gas on the New York Mercantile Exchange (NYMEX), plus a Retail Price Adjustment. The Public Utilities Commission of Ohio (PUCO) oversees an annual auction process that determines the Retail Price Adjustment, which reflects the suppliers' cost of delivering the gas from wherever it is produced to Dominion Energy Ohio's system for delivery to customers.
With the SCO program, you have no contract with Barracuda Energy. Customers are assigned to a retail natural gas supplier and pay the same monthly variable SCO rate You can choose to switch suppliers or get on a fixed rate program with Barracuda Energy at any time.
Give us a call at 1-833-628-4274