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PECO Files a Default Service Plan (DSP) That Includes Shadow Billing Chart On Shopping Customer Bills & “Residential Reserve Price”
Re: Petition of PECO Energy Company for Approval of Its Default Service Program for the Period from June 1, 2025, through May 31, 2029.
In addition to the default service plan, among other things, PECO is proposing to add a chart to the first page of the residential customer bill that compares the customer’s total retail supplier charges for the billing period and what the dollar amount of the charges would have been under PECO’s applicable price to compare (PTC) based on the customer’s usage during the billing period. In addition, the bill would calculate and list in a column the savings, or negative savings as applicable, under retail supplier service. PECO is also proposing the bill format change, which is proposed to cover the period June 1, 2025, through May 31, 2029.
See the petition for a mock bill showing the proposed changes indicates that PECO proposes to implement the shadow billing chart for both electricity and natural gas.
Another notable proposal under the DSP is the use of a “reserve price” for residential customer fixed price full requirements (FPFR) supply procurements. In its proposal PECO states that the reserve price would, “help protect customers from paying high prices for FPFR products that could be considered outside of a reasonable market range.” “The incorporation of the reserve price mitigates the possibility that residential customers will pay FPFR product prices that exceed the level that they may be willing to pay for the benefits of FPFR products. This will further ensure that customers are provided generation supply at the least cost.”
The reserve price for a residential product is the average bid price above which the Independent Evaluator would recommend that the Commission reject the lowest-priced bids that caused the average bid price to exceed the reserve price.
PECO proposes to continue offering its existing Standard Offer Program from June 1, 2025, through May 31, 2029. Consistent with PECO’s current tariff, the Company proposes to continue to recover Standard Offer Program costs through an EGS participant fee of $30 per enrolled customer, with any remaining costs recovered in the following manner: (1) 50% from EGSs through a Purchase of Receivables discount; and (2) 50% from residential and small commercial default service customers via the GSA.
PECO Default Service Plan Pub Notice (02/07/2024)
PECO Petition For Approval Of DSP VI (02/05/2024)
P-2024-3046008 (02/05/2024)
