Regulation .04 Hourly Priced Electric Supply Service.
Regulation .04 Hourly Priced Electric Supply Service.LinkCopy Citation
A.
A utility shall offer hourly priced nonresidential electric supply service to all nonresidential customers ineligible for Type I or Type II SOS, excluding special generation contract customers.
B.
A utility shall provide hourly priced service beginning with the time periods provided for Type III service in Regulation .03 of this chapter.
C.
A utility may not change or alter tariff rules, terms, and conditions for HPS under §B of this regulation for a period of at least 2 years.
D.
The rate for HPS shall include:
(1)
One of the following:
(a)
The PJM hourly LMP for energy; or
(b)
If PJM alters its pricing methods, the nearest equivalent to LMP;
(2)
Charges associated with PJM capacity obligation;
(3)
FERC-approved:
(a)
Transmission rates;
(b)
Ancillary services;
(c)
Energy losses;
(d)
Administrative costs;
(e)
Any other FERC approved or PJM charges and costs directly related to the utilities' hourly priced service;
(4)
Costs required to meet statutory renewable requirements;
(5)
Any other price elements directly related to the service as approved by the Commission;
(6)
Taxes;
(7)
An applicable administrative charge intended to recover the utility's verifiable and prudently incurred costs; and
(8)
A Commission-approved reasonable return.