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Utility Proposes Longer Amortization For Default Service Reconciliations If "Unreasonable" Rates Result (Other EDCs Making Nonbypassable)
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Granite State Electric (Liberty Utilities) has proposed that the New Hampshire PUC grant authority to amortize default service under-collections over a longer period of time, due to the expectation of larger reconciliations as more default service load is served under ISO New England market purchases, and more load leaves default service under opt-out aggregation
Currently, reconciliations of default service energy supply costs (ESAF), and administrative costs (ESCRAF), are recovered over 12 months on a nonbypassable basis
Granite State Electric proposes that, if the standard reconciliation of either default service energy costs, or default service administrative costs, results in an "unreasonable" default service rate, GSE would be permitted to amortize such reconciliation over a longer period determined by the PUC
GSE said that it seeks to have a dialogue with the state's Dept. of Energy and Office of Consumer Advocate in determining how a rate may be classified as "unreasonable", and what the appropriate amortization period would be
In proposing the authority for a longer amortization of default service reconciliations, GSE does not specifically propose to make the default service reconciliations nonbypassable, and, per tariff language, the reconciliation would continue to be recovered from all default service customers.
As previously reported, the PUC has directed PSNH and Unitil to propose converting default service reconciliations into a nonbypassable charge, with this issue still pending at the other EDCs
The PUC has not previously directed GSE to file a proposal to make default service reconciliations nonbypassable
GSE's proposal for potential longer amortization of default service rate reconciliations came as GSE filed proposed default service rates for the period February 1, 2025 through July 31, 2025
For small customer group default service, which will be served under 50% ISO-NE market purchases for the February 1, 2025 through July 31, 2025 per a prior PUC order, GSE proposes an all-in default service rate of $0.08416 per kWh, which is about 23% lower than the current rate of $0.10976 per kWh
For the large customer group, which will be served by 100% ISO-NE market purchases, GSE proposes the following monthly default service rates:
Docket DE 24-061
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Mass Market Default Service Rate Falling 23%
December 23, 2024
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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
GSE Large Customer Group
February $0.09090
March $0.06580
April $0.05893
May $0.05706
June $0.06015
July $0.06876
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