Texas PUC Staff Propose New Interest Rates Applicable To Deposits Held By REPs, Overcharges
November 13, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Staff of the Texas PUC have proposed new interest rates to be applicable to REP deposits and over-billings, consistent with the calculations set forth by rule, calculated pursuant to the process set forth in the PUC's rules
The interest rate, for calendar-year 2021, on deposits held by REPs is proposed to be set at 0.61 percent. The rate currently in effect is 2.21 percent.
The interest rate, for calendar-year 2021, for overbillings and certain underbillings by a REP is proposed to be set at 0.82 percent. The rate currently in effect is 2.35 percent