ConEd Electric POR Discount Rate Increasing, Gas Discount Rate Falling

Consolidated Edison has filed new purchase of receivable discount rates, effective February 1, 2020, for electricity and natural gas

The new discount rates reflect updated POR Credit & Collections factors as set in a recent rate case order

For electricity, the new POR Discount Percentage is 3.62%.

This reflects the following components:

ConEd Electric POR Discount

Uncollectible Bill Percentage     0.72%
Risk Factor                       0.11%
Credit and Collections Component 
  (including reconciliation)      2.64%
Incremental Cost Component        0.15%

Total                             3.62%

For comparison, the most recent ConEd electric POR discount had been 3.05%.

For natural gas, ConEd's new POR Discount Percentage is 1.37%.

This reflects the following components:

ConEd Natural Gas POR Discount

Uncollectible Bill Percentage     0.72%
Risk Factor                       0.11%
Credit and Collections Component 
  (including reconciliation)      0.39%
Incremental Cost Component        0.15%

Total                             1.37%

For comparison, the most recent ConEd natural gas POR discount had been 3.55%.