PSC Approves Significant Increase in POR Discount For Certain Residential Customers

The District of Columbia has approved new purchase of receivables discount rates at Pepco, effective April 7.

Notably, the discount for All-Electric residential customers (Rate AE, including AE customers receiving the low-income assistance under RAD-AE) is over 2%. Previously, the Rate AE discount (which was solely for Rate AE customers, set prior to the elimination of the RAD-AE specific SOS rate classes) is 0.8%.

The new POR discounts at Pepco (D.C.) are as follows, by SOS, or market-priced service, rate schedule:

Rate Class                  Prior     New (4/7/17)
R, Including Rider RAD      0.0000%*  0.0000%
AE, Including Rider RAD-AE  0.8081%*  2.0608%
R-TM                        0.0000%   0.0000%
GS-LV ND, T, SL,
   TS, TN (SOS)             0.0000%   0.0000%
GS-LV, GS 3A, GT LV, 
   GT 3A, GT 3B, RT (SOS)   0.0000%   0.0000%
GSLV-ND, GS-LV, GS 3A, 
   GT LV, GT 3A, T, SL, TS 
   (Market-Priced Service)  0.0419%   0.0307%

*Note: Prior discount reflects POR discount for Rate R and AE, respectively, without Riders RAD or RAD-AE, as RAD or RAD-AE previously had their own unique discount as the result of being separate SOS rate classes. As previously reported, in adopting portable low-income assistance, the PSC ended the separate SOS rate classes for RAD and RAD-AE customers

Rate classes with a 0% POR discount reflect Pepco "zeroing out" and negative discount rates which would have otherwise resulted from the discount calculation