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Hourly Pricing Threshold to be Lowered at Orange and Rockland
June 20, 2011
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The threshold for mandatory hourly pricing for default service at Orange & Rockland Utilities will decrease from 500 kW to 300 kW under a stipulation incorporated into a final written order in O&R's New York rate case (10-E-0362).
Per the adopted stipulation, which was first reported in Matters (4/5), hourly meters will be installed by May 2012 and hourly billing shall commence with bills having a "from" date of May 2013 to be consistent with the current schedule for hourly billing for the above 500 kW population.
O&R will engage in various customer seminars and other education and outreach efforts to prepare customers for hourly default service.
The stipulation also provides that the Market Supply Charge (MSC) price and hedging gains or losses will be based on O&R's forecast price for the month in which the MSC is billed, as a means of mitigating MSC volatility.
O&R will change MSCs for the voluntary time-of-use classes from a single monthly rate to monthly peak and off-peak rates for each service class.
The settlement further provides that the uncollectibles percentage used to develop the Purchase of Receivables discount will be revised to reflect O&R's actual uncollectibles experience for the 12-month period ended June 30, 2010. Thereafter, annual filings will be made with an effective date of November 1st to reflect O&R's actual uncollectibles experience for the twelve month period ended the previous June 30.
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