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Under PBR, there is greater consumer involvement and transparency

Under PBR, there is greater consumer involvement and transparency. Rate-setting process under PBR: b efore each regulatory period (four regulatory years), the ERC evaluates and determines a utility’s: Forecasted energy sales and demand Proposed performance standards

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Under PBR, there is greater consumer involvement and transparency

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  1. Under PBR, there is greater consumer involvement and transparency • Rate-setting process under PBR: before each regulatory period (four regulatory years), the ERC evaluates and determines a utility’s: • Forecasted energy sales and demand • Proposed performance standards • Annual Revenue Requirement and Maximum Average Prices

  2. Expository hearing Formal hearings Submission of comments Submission of comments Public consultation Submission of comments Public consultation ERC “Issues Paper” Utility “Reset Application” ERC “Draft Determination” ERC “Position Paper” ERC “Rules for Setting Distribution Wheeling Rates” ERC “Final Determination” Utility “Verification & Rate Translation Petition” ERC-approved rate schedules Every year At each reset (4 years) Expository hearing Formal hearings Consumers are involved in the rate-setting process

  3. PBR implementation3RP Final Determination: Maximum Average Prices (MAP)

  4. Performance-Incentive Scheme (PIS) under PBR • Under PBR, a Performance Incentive Scheme (PIS) is established to measure the performance of the DU according to key areas of service quality • Customers are financially compensated when the DU fails to meet performance standards • Two components of the PIS are in place

  5. 3rd Regulatory Period Price-Linked Incentive Scheme

  6. 3rd Regulatory Period Guaranteed Service Levels

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