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Maryland PSC Memorializes Changes to SOS Price Comparison Info
June 13, 2011
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The Maryland PSC memorialized in a formal order its prior directions to the investor owned utilities (IOUs) regarding additional modifications to the SOS price comparison information (Case 9228).
Consistent with the PSC's direction at an April administrative meeting, as only reported in Matters (4/28), the Commission concluded that the following modifications should be made to the SOS Pricing Information on IOU customer bills and websites:
- Each of the IOUs shall include a true-up factor (e.g. Rider 8 at BGE, etc.) in its SOS price calculations, but only to the extent that such a true-up factor is known.
- Each IOU shall explain on its website what its true-up factor is and what it means, and shall provide a link on the website to the true-up factor tariff page.
- Consistent with the Commission's prior directive in Order No. 83423, all known future SOS prices shall be included on customer bills and on the IOUs' websites.
- Each IOU shall include information on its website indicating the start and end date of the weighted average price.
- Each IOU shall post on its website information regarding when SOS Pricing Information will be next updated.
- As previously directed in Order No. 83423, each IOU shall, on both customer bills and its website, include the date beyond which the SOS price is not known.
- Potomac Edison shall use a single weighted average price, which shall be recalculated shortly after each SOS auction, using a forward-looking, seasonally differentiated weighted average calculated in a manner similar to that described by BGE and the Pepco Holdings companies. The Commission leaves to Potomac Edison's discretion whether the weighted average price should be weather-normalized; however, Potomac Edison shall inform the Commission of its decision in this regard.
- Potomac Edison shall modify its supplier worksheet to omit any reference to a "generation price" or the term "price-to-compare."
With respect to the process and timing for updating the SOS Pricing Information, each IOU shall file a revised tariff with the Commission within five business days of SOS contract approval that reflects the approved SOS prices. Further, within seven business days of SOS contract approval, updated SOS Pricing Information shall be posted on IOU websites and shall appear on customer bills.
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