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ConEd To Significantly Decrease Purchase Of Receivables (POR) Discount Rate From Current 3.6%
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Consolidated Edison Company of New York, Inc. has filed with the New York PSC an updated Statement of Purchase of Receivables
(POR) Discount Percentage for electricity
ConEd's new electric POR Discount Percentage, to be effective January 1, 2021, is 0.90%.
For comparison, the current electric POR Discount Percentage is 3.62%
The January 1, 2021 electric POR Discount Percentage reflects the following components:
For comparison, the current electric POR Discount Percentage reflects the following components:
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December 28, 2020
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Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
January 1, 2021 ConEd Electric POR Discount
Uncollectible Bill Percentage 0.50%
Risk Factor 0.08%
Credit & Collections 0.17%
Incremental Cost 0.15%
Total 0.90%
Current ConEd Electric POR Discount
Uncollectible Bill Percentage 0.72%
Risk Factor 0.11%
Credit & Collections 2.64%
Incremental Cost 0.15%
Total 3.62%
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