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BGE Residential POR Discounts Increasing By 3-4x; Will Exceed 2% & 3%
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Baltimore Gas & Electric has filed with the Maryland PSC new purchase of receivables (POR) discount rates.
BGE's new residential electric POR discount would be 2.3921%, over three times higher than the current discount of 0.6591%
Major drivers of the new residential electric discount are an uncollectibles rate of 1.8212% and reconciliation factor of 1.0908%
Baltimore Gas & Electric's new electric POR discount rates, to be effective June 1, 2024, are as follows:
For natural gas, BGE filed for the new residential discount rate to be set at 3.3389%, or more than four times the current discount of 0.8225%
Major drivers of the new residential gas discount are an uncollectibles rate of 2.5334% and reconciliation factor of 1.5288%
BGE's new natural gas POR discount rates are as follows, to be effective June 1, 2024:
For all applicable customer classes, the 0% discount rates reflect a "zero-ing out" of a negative discount rate which resulted from the POR discount calculation, consistent with PSC policy.
The new POR discount rates remain subject to PSC approval.
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April 29, 2024
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Copyright 2010-24 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
Current Discount 6/1/24 Discount
Residential 0.6591% 2.3921%
Type I 0.0000% 0.4623%
Type II 0.0000% 0.0000%
Hourly 0.0000% 0.0000%
Current Discount 6/1/24 Discount
Residential (Sch. D) 0.8225% 3.3389%
General Service (Sch. C) 0.0000% 0.0000%
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