|
|
|
|
|
PUC Defers Consideration Of More Frequent Reconciliations Of Default Service Rates
The following story is brought free of charge to readers by VertexOne, the exclusive EDI provider of EnergyChoiceMatters.com
The New Hampshire PUC has deferred consideration of more frequently reconciling the default energy service rate at Granite State Electric (Liberty Utilities)
Currently, default service electric rates for the small customer group at Granite State Electric are fixed for six month periods (August through January; and February through July)
Reconciliations, which include the Energy Service Adjustment Factor and Energy Service Cost Reclassification Adjustment Factor, are addressed on an annual basis, with reconciliation factors, filed in May, incorporated into the default service rate effective with the August rate change, and continuing until reset under the annual reconciliation process
Granite State Electric had proposed implementing a mid-year reconciliation for default service rates, citing the new use of ISO-NE market purchases for 20% of small customer default service. Granite State Electric proposed adjusting the reconciliation factors in December, to be effective for the default service pricing period February 1 through July 31 (rather than using the factors in place for the prior August through January period)
Citing the potential for actual small customer default service costs to "deviate materially" from forecasts, due to the 20% ISO-NE market purchases, Granite State Electric sought approval to use its discretion to implement a mid-year reconciliation, if needed, "to avoid or address
inordinately large deferral balances that may occur."
The PUC deferred consideration of Granite State Electric's proposal to a future phase of a proceeding reviewing Granite State Electric default service
The PSC cited a desire to continue spreading reconciliations over 12 months, and said that it requires more information to determine how mid-year reconciliations would impact 12-month recovery of reconciliation balances
Similar to action that the PUC recently directed at PSNH, the PUC ordered Granite State Electric to, in its default service proposal for the 6-month period beginning February 1, 2025, file a proposal to serve small customer default service through at least 30% ISO-NE market purchases (with the PUC not directing an upper bound for any proposal for increased ISO-NE market purchases)
The PUC also directed that Granite State Electric should file a proposal to serve 100% of its large customer group default service from ISO-NE market purchases
The PUC will consider such directed proposals for default service for the period starting February 1, 2025 in a further phase of the default service proceeding.
Docket DE 24-061
ADVERTISEMENT ADVERTISEMENT Copyright 2024 EnergyChoiceMatters.com. Unauthorized copying, retransmission, or republication
prohibited. You are not permitted to copy any work or text of EnergyChoiceMatters.com without the separate and express written consent of EnergyChoiceMatters.com
July 5, 2024
Email This Story
Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Origination Analyst
-- Retail Supplier
• NEW! -- Wholesale Markets Analyst -- Retail Supplier
• NEW! -- Billing Supervisor
• NEW! -- Settlements Analyst
-- Retail Supplier
• Energy Regulatory Specialist
|
|
|
|