The EDI 820 transaction tells the Electric Supplier how much the Utility. Receiving payment for receivables that are purchased Last Updated: Payment is sent out by the Utility 20 days after the EDI 820 transaction has been sent to the Electric Supplier.The Energy Supplier then calculates their own charges and. "Bill ready" and "rate ready" Last Updated: Bill Ready is a form of consolidated billing where the Utility calculates the usage and communicates it to the Energy Supplier.For the major electric and gas utilities, the approved rates after this process are nearly always dramatically lower than what is requested. “Nothing about a utility’s rate case is taken for granted or assumed. “State regulators pour over the utility’s books to identify ways to cut costs,” Denn said. James Denn, a spokesman for the Department of Public Service, said utility rate cases are “scrutinized as part of the statutorily required 11-month review process to ensure customers and customers’ interests are fully protected.” In addition to covering increased costs, the rate proposal also includes increases for programs such as energy efficiency, low-income discounts and plans to “aggressively repair gas leaks to drive further emissions reductions.” National Grid said affordability programs will be funded with with $86 million in low-income bill credits on top of $70 million a year for weatherization and related programs to "help customers reduce usage." Other increased expenses included environmental remediation, energy efficiency programs, higher interest rates and “other non-controllable costs.” The company said it’s working to “identify efficiencies” to reduce certain costs. National Grid, in an April 28 letter to DPS formalizing the rate request, said the proposed bill increases were “largely driven by a combination of inflation and cost factors beyond National Grid’s immediate control.” Among the factors were increases in “core business” expenses, safety and regulatory compliance costs and property taxes, which the company said make up nearly 37% of the Long Island increase. PULP said it intends to “fully participate in this rate case to advocate for the needs of vulnerable households,” and it urged the state Department of Public Service to “carefully consider the full breadth of potential the impact these increases will have on consumers and work towards a solution that will benefit everyone.” “Rate increases of these magnitudes have a devastating impact on ratepayers, in particular low- and fixed-income households, and are unreflective of the financial realities of the current economic climate.” “New York has an energy affordability crisis already, and this potential rate hike would exacerbate that,” said Andrew Saavedra, a legal aide at the Public Utility Law Project of NY, in a statement. One consumer group was quick to criticize the proposed rate hike, noting that it comes even as 51,000 of National Grid’s approximately 600,000 Long Island customers are 60 days or more behind on their bills. "It's hard to believe that National Grid's costs are going up at that rate." The prospect that the commodity portion of bills also could spike if the upcoming winter is a cold one is also "a worry for many, on top of the proposed delivery cost rise," Comer said. He called the $28.50 a month a "meaningful" increase for most consumers, especially as all other costs are increasing. "It's hard to see how they justify the 16%," said Charles Comer, a Port Washington ratepayer. By clicking Sign up, you agree to our privacy policy.
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