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Public Service Commission Approves Pepco's Purchase of Receivables Discount Rate Update

Strategic Insights

— 1 min read

The Public Service Commission of the District of Columbia has approved Pepco's update to the Purchase of Receivables (POR) Discount Rate tariff, effective May 1, 2025. The update involves changes to the discount rates for Residential, Small Commercial, and Large Commercial customers. Pepco will apply a discount rate of 11.3079% for Residential Customers on Schedules R and MMA, and 0.0000% for Small Commercial and Large Commercial Customers on various schedules. The updated rates are based on data from 2022 and 2023, and were approved following a public comment period.

Key Takeaways:

  • The Public Service Commission of the District of Columbia has approved Pepco's update to the Purchase of Receivables (POR) Discount Rate tariff.
  • The updated rates are effective May 1, 2025.
  • Pepco will apply a discount rate of 11.3079% for Residential Customers on Schedules R and MMA.
  • The discount rate for Small Commercial Customers on Schedules GS-LV-ND, T, SL, TS, TN, and OL-LED will be 0.0000%.
  • The discount rate for Large Commercial Customers on Schedules GS-LV, GS-3A, MGT-LV, GT-LV, GT-3A, GT-3B, and RT will also be 0.0000%.
  • The updated rates are based on data from 2022 and 2023, including Write-Offs, Late Payment Revenues, and Net Electric Revenues Billed.
  • The Commission received comments from the Retail Energy Supply Association on May 2, 2025.
  • The updated rates will be published in the D.C. Register upon final approval.

Statistics:

  • Effective date: May 1, 2025
  • Discount rate for Residential Customers on Schedules R and MMA: 11.3079%
  • Discount rate for Small Commercial Customers on Schedules GS-LV-ND, T, SL, TS, TN, and OL-LED: 0.0000%
  • Discount rate for Large Commercial Customers on Schedules GS-LV, GS-3A, MGT-LV, GT-LV, GT-3A, GT-3B, and RT: 0.0000%

Sources:

  • PUBLIC SERVICE COMMISSION OF THE DISTRICT OF COLUMBIA NOTICE OF FINAL TARIFF PEPPOR-2024-01
  • PEPPOR-2025-01, Potomac Electric Power Company's Purchase of Receivables Program, Potomac Electric Power Company's Revised POR Discount Rate Tariff Update, filed March 17, 2025.
  • 72 D.C. Reg. 003584-003586 (March 28, 2025)

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