New York PSC Grants Utilities Extension To File 12-Month Trailing Rate, Used For Basis Of ESCO Price Cap
January 16, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
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The Secretary of the New York PSC granted the joint utilities an extension of the deadline for the utilities to develop 12-month trailing average utility supply rates, which will be used as the basis for an ESCO price cap under one of the compliance products under the PSC's retail market reset order
The Secretary granted the utilities until January 29, 2020, to comply with the directives of Ordering Clause 7 of the PSC's retail market reset order, which provided that the utilities shall publish on their websites 12-month trailing average utility supply rates within 15 days of March 31, June 30, September 30, and December 31 each year, starting with a filing within 15 days of December 31, 2019, for each mass-market service class and for each mass-market customer grouping that receives different supply rates based on the applicable tariff. The published averages shall include all charges and credits that apply to full-service customer bills but would not apply to ESCO customer bills for the applicable service class and customer grouping.
The utilities had originally been ordered to post such 12-month trailing average utility supply rates by January 15. As first reported by EnergyChoiceMatters.com, the utilities had requested a longer extension, until February 7, 2020
As previously reported, the New York PSC's retail energy market reset order limited ESCOs to serving mass market customers under one of three specific rates, one of which is a fixed-rate commodity product that is priced at no more than 5% greater than the trailing 12-month average utility supply rate
In granting the utilities an extension until January 29 to file the 12-month trailing average utility supply rates, the Secretary noted that various ESCOs have sought to extend deadlines for compliance under the reset order, motivated, in part, by the utilities' extension request and attendant later posting date for the 12-month trailing average utility supply rates
The Secretary noted that, "Such requests are under review."