Notice is hereby given in reference to Case Number 9655, Pepco’s Application for a Multi-year Plan, that hearings for the purpose of soliciting comments from the public will be held on Monday, March 15, 2021 at 6:00 p.m. and Thursday, April 15, 2021 at 6:00 p.m. via virtual meeting.
If you would like to speak at the March 15, 2021 hearing, please send an email to email@example.com by 12:00 noon on Friday, March 12, 2021. If you would like to speak at the April 15, 2021 hearing, please send an email to firstname.lastname@example.org by 12:00 noon on Wednesday, April 14, 2021.
Anyone wishing to observe the live stream of the public hearings may do so via the Commission’s YouTube channel, https://www.youtube.com/c/MarylandPSC Please also direct any questions about the public hearing to email@example.com.
Pepco's rates are approved by the Public Service Commission ("PSC") and include the amount of revenue Pepco is authorized to receive for distribution services. The Bill Stabilization Adjustment mechanism ("BSA"), approved by the PSC in 2007, is an adjustment that will lower rates if Pepco is receiving more revenue than the PSC has approved, and will increase rates if Pepco is receiving less revenue than the PSC has approved.
The BSA eliminates the link between electricity use and utility revenue. Previously, the more electricity customers used, the more revenues Pepco received. This previous rate structure created a disincentive for the utility to encourage customers to conserve energy because that would lower Pepco's revenues. The BSA allows Pepco to promote energy efficiency programs that will help customers reduce their energy use and drive down electricity supply costs, which are the largest portion (75% - 80%) of the bill.
In January 2012, the PSC issued an Order to prevent use of the BSA beginning 24 hours after the commencement of the major Storm and continuing until all major Storm-related sustained interruptions are restored.
Bill Stabilization Adjustment (BSA)