Citing "Complexity", New York Utilities Seek Extension For Calculations, Posting Of Trailing Utility Rate (To Be Used For ESCO Rate Cap)

Consolidated Edison Company of New York, Inc., Orange and Rockland Utilities, Inc., Central Hudson Gas & Electric Corporation, National Fuel Gas Distribution Corporation, The Brooklyn Union Gas Company d/b/a National Grid NY, KeySpan Gas East Corporation d/b/a National Grid, and Niagara Mohawk Corporation d/b/a National Grid, New York State Electric & Gas Corporation and Rochester Gas and Electric Corporation (collectively, the 'Joint Utilities') requested from the New York PSC an extension of the deadline for the utilities to develop 12-month trailing average utility supply rates

As first reported by EnergyChoiceMatters.com, the New York PSC's retail energy market reset order limited ESCOs to serving mass market customers under one of three specific rates, one of which is a fixed-rate commodity product that is priced at no more than 5% greater than the trailing 12-month average utility supply rate

The Joint Utilities noted that, "Ordering Clause 7 of the Order requires the Joint Utilities to a make a filing by January 15, 2019, identifying 12-month trailing average utility supply rates for each mass-market service class and for each mass-market customer grouping that receives different supply rates based on applicable utility tariffs. This directive requires the Joint Utilities to calculate supply rates for all mass market service classifications, by region, for the previous 12 months."

The Joint Utilities further noted that, "For certain of the Joint Utilities, this requires a multitude of calculations for each service class and customer grouping. For example, for Con Edison, this requires a separate rate posting for over 25 different possible supply rate variations based on different mass markets rates and regions, for each of the previous 12 months."

"As a result of this complexity, the Joint Utilities hereby request an extension to February 7, 2020, to file letters with the Commission identifying all of the required 12-month trailing average supply prices and to post these prices on utility websites. This extension will also importantly allow the Joint Utilities to calculate the average supply prices consistently across all of the Joint Utilities," the Joint Utilities requested