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Residential Purchase Of Receivables (POR) Discount Rate To Increase 80%; Commercial POR Discount Doubles
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Nstar (Eversource) has filed with the Massachusetts DPU new proposed purchase of receivables discount rates (standard complete billing percentages) to be effective May 1, 2020.
As previously reported, Nstar consolidated its POR discounts into a single customer-specific rate for all of its service areas effective May 1, 2019.
The rates remain subject to DPU approval.
The proposed May 1, 2020 Nstar Massachusetts POR discounts are:
For comparison, the current Nstar Massachusetts POR discounts for all of Nstar's service areas are:
* A reconciliation refund amount was made via a one-time payment to each affected retail supplier serving industrial customers in Nstar's service territory, rather than through the POR discount, and the discount was set equal to 0.03%
Nstar also provided
notice that the average historical payment periods that will be in place effective May 1, 2020 will be as follows:
East
• Residential: 40 days
• Commercial: 30 days
• Industrial: 22 days
West
• All Classes: 42 days
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March 23, 2020
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Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
Nstar - East & West, Proposed, May 1, 2020
Residential Commercial Industrial
Uncollectible 1.49% 0.23% 0.10%
Admin Cost 0.00% 0.00% 0.00%
Reconciliation 0.20% 0.01% 0.01%
Total 1.69% 0.24% 0.11%
Nstar - East & West, May 1, 2019
Residential Commercial Industrial
Uncollectible 1.22% 0.19% 0.03%
Admin Cost 0.00% 0.00% 0.00%
Reconciliation -0.28% -0.07% N/A*
Total 0.94% 0.12% 0.03%*
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