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Retail Energy Regulator Declines To Open Investigation Of POR Discount Rate Methodology, Approves Huge Increases In Discount Rates
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The Massachusetts DPU declined to open an investigation into the calculation of the electricity standard
complete billing percentages (aka purchase of receivables discount rates), and approved updates to the POR discount rates at National Grid and Nstar, based on the existing methodology, which include significant increases in the discount rates
As first reported by EnergyChoiceMatters.com, the National Grid residential POR discount for residential customers in Massachusetts will increase 50% to 2.99%, from 1.99%, under the DPU's approval order
As previously reported (details here), the NRG Energy retail suppliers had urged the DPU to investigate alternative approaches to the annual changes in POR discount rates, "in order to mitigate volatility in the municipal aggregation and retail energy competition markets."
The DPU said that NRG had not shown unique circumstances which
would warrant an investigation into the POR discount methodology or deviation from the present tariff
The DPU also said that the approved discount rates are within a historical normal
range
The DPU approved the new SCBPs as follows, effect May 1, 2024
24-POR-01, 24-POR-02
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April 30, 2024
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Copyright 2010-24 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
National Grid SCBPs
Current New (Approved)
Residential 1.99% 2.99%
Commercial 2.63% 3.53%
Industrial 0.39% 0.35%
Nstar SCBPs (Applicable To All Territories)
Current New (Approved)
Residential 0.86% 1.33%
Commercial 0.15% 0.26%
Industrial -0.15% -0.01%
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Energy Regulatory Specialist
• Sr. Market Risk Analyst -- Retail Supplier
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