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National Grid Residential POR Discount Proposed To Increase By 50% To 3%
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National Grid in Massachusetts has filed an update to the standard complete billing percentages (SCBPs), or purchase of receivables (POR) discount rates, proposed to be effective May 1, 2024
As filed in an explanatory letter, National Grid's proposed SCBPs for effect May 1, 2024 are as follows (current rates provided for comparison):
For the residential discount, the largest driver of the increase is the absence of a -0.74% past period reconciliation that is included in the current discount.
For commercial, the uncollectibles component increased to 2.49% from the current 1.92%, while the reconciliation component increased to 1.04% from 0.71%
24-POR-01
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Commercial POR Discount Would Spike To 3.5%
March 15, 2024
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
Current Proposed
Residential 1.99% 2.99%
Commercial 2.63% 3.53%
Industrial 0.39% 0.35%
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