BGE To Increase Residential POR Discount Rate From Current 0% -- EnergyChoiceMatters.com

BGE To Increase Residential POR Discount Rate From Current 0%

May 2, 2022

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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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Baltimore Gas & Electric has filed with the Maryland PSC new purchase of receivables (POR) discount rates.

Baltimore Gas & Electric's new electric POR discount rates, to be effective June 1, 2022, are as follows:

        Current Discount      6/1/22 Discount
Residential      0.0000%      0.7129%
Type I           0.0000%      0.0000%
Type II          0.0000%      0.0000%
Hourly           0.0000%      0.0000%

BGE's new natural gas POR discount rates are as follows, to be effective June 1, 2022:

                  Current Discount   6/1/22 Discount
Residential (Sch. D)       0.0000%    0.2238%
General Service (Sch. C)   0.0000%    0.0000%

For all applicable customer classes, the 0% discount rates reflect a "zero-ing out" of a negative discount rate which resulted from the POR discount calculation, consistent with PSC policy.

The new POR discount rates remain subject to PSC approval.

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