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Pepco-MD POR Discount To Increase 50%, Approaches 3%
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Pepco has filed at the Maryland PSC new purchase of receivables discount rates proposed to be effective July 1, 2024
For Residential customers, the Pepco-MD POR discount is proposed to increase to 2.6710%, up almost 50% from the current 1.7948%
Net write-offs account for about 1.8% of the proposed residential discount rate. Pepco said that, for Residential customers, 2023 total write-offs increased 38% compared to the prior year. The reconciliation factor component in the residential discount rate is nearly 1%
For Type I customers, the Pepco-MD POR discount is proposed to decrease to 0%, from the current 0.0220%
POR discounts for Type II and Hourly customers are proposed to remain at 0%
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May 24, 2024
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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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