New York Utility Posts Updated 12-Month Trailing Average Supply Rate
April 13, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Orange and Rockland Utilities, Inc (O&R or the Company) filed with the New York PSC its 12-month trailing average utility supply rates for the latest period (i.e., April 1, 2019 - March 31, 2020) for each mass-market service class and for each mass-market customer grouping that receives different supply rates based on the Company’s Electric and Gas Tariffs.
As previously reported by EnergyChoiceMatters.com, in the New York PSC's retail market reset order, one of the compliant products ESCOs may continue to offer mass market customers is a fixed rate commodity product that is priced at no more than 5% greater than the trailing 12-month average utility supply rate
Although, as previously reported, the compliance deadline for ESCOs to comply with the product limitations has been extended until August 10, 2020, the trailing utility averages are still of note to see where the market would be now, but for the extension
O&R's electric 12-month trailing average supply pricing includes the calendar month Market Supply Charge, the Merchant Function Charge, and the Clean Energy Standard Supply Surcharge, and the Transition Adjustment for Competitive Services differential between full service and retail access customers. Prices are weighted based on average customer electric usage by service class and rate, and do not include sales tax or gross receipts tax.
O&R's gas 12-month trailing average supply pricing includes the monthly Gas Supply Rate, the Merchant Function Charge, and the Monthly Gas Adjustment differential between full service and retail access customers for each mass market service classification rate. The prices are weighted based on weather normalized average customer gas usage by service class and rate, and do not include sales tax or gross receipts tax.