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Oncor Reports 75% of REP Low-Income Smart Energy Device Reimbursement Funds Exhausted
Oncor informed retail electric providers that 75% of funds designated to reimburse retail electric providers for providing free programmable communicating thermostats and in-home displays (collectively, in-home devices) to low-income customers have been exhausted
Oncor's funding of the program had been set at $10 million, and Oncor reported in a November 11 notice that $7.5 million of the fund has been used.
Under the program launched in January 2015, for providing an eligible low-income customer with an eligible programmable communicating thermostat (PCT) or in-home display (IHD) at no cost to the customer, a TDU reimburses the REP for the cost of a device up to a cap of $250, with an additional 25% for administrative costs, for a total reimbursement cap of $300 per device. For PCTs only, an additional $125 is reimbursed to cover the cost of installation.
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November 11, 2016
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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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