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Regulator Approves POR Discount Rate Of Nearly 8%
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The Massachusetts DPU approved new Standard Complete Billing Percentages (purchase of receivables [POR] discount rates) at Fitchburg Gas and Electric d/b/a Unitil, to be effective December 1, 2020
The new residential POR discount rate of 7.90% is more than double the prior rate of 3.38%
The new Small/Regular General Service POR discount rate is 0.90%, versus the prior discount of 0.71%
Fitchburg Gas and Electric's approved Standard Complete Billing Percentages to be effective December 1, 2020 are as follows:
The uncollectibles only reflect write-offs through December 2019.
For comparison, Fitchburg Gas and Electric's prior Standard Complete Billing Percentages are as follows:
D.P.U. 20-POR-04
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December 1, 2020
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Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
Unitil New SCBPs, 12/1/20
Residential
Uncollectible 5.10%
Reconciliation 2.80%
Total 7.90%
Small/Regular General Service
Uncollectible 0.26%
Reconciliation 0.64%
Total 0.90%
Unitil Previous SCBPs
Residential
Uncollectible 3.41%
Reconciliation -0.03%
Total 3.38%
Small/Regular General Service
Uncollectible 0.19%
Reconciliation 0.52%
Total 0.71%
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