3rd Revised Sheet No. 356 Edison Company (Canceling 2nd Revised Sheet No. 356) RESIDENTIAL REAL TIME PRICING PROGRAM Applicable to Rate BESH FOR INFORMATION ONLY APPLICABILITY. This rider is applicable to any residential retail customer taking service under Rate BESH - Basic Electric Service Hourly Pricing (Rate BESH). PURPOSE. The purpose of this rider is to maintain a real time pricing program for residential retail customers and set forth terms and conditions of such program, pursuant to Section 16-107 of the Public Utilities Act (Act). DESCRIPTION OF THE PROGRAM. * The Company must contract with an entity not affiliated with the Company to serve as a program administrator to develop and implement a program to provide consumer outreach, enrollment, and education concerning real time pricing and to establish and administer an information system and technical and other customer assistance that is necessary to enable residential retail customers taking service hereunder to manage electricity use. The program administrator: (a) is selected and compensated by the Company, subject to the approval of the Illinois Commerce Commission (ICC); (b) must have demonstrated technical and managerial competence in the development and administration of electric demand management programs; and (c) may develop and implement risk management, energy efficiency, and other services related to electric energy use management. The Company must provide the program administrator with all information and assistance necessary to perform the program administrator's duties, including, but not limited to, customer, account, and electric energy use data. The Company must permit the program administrator to include inserts in residential retail customer bills two (2) times per year to assist with residential retail customer outreach and enrollment. The program administrator must submit an annual report to the Company no later than April 1 of each year describing the operation and results of the program, including information concerning the number and types of residential retail customers participating in a real time pricing program, including but not limited to residential retail customers that utilize electricity for charging plug-in electric vehicles (PEVs) at their premises, changes in residential retail customers' electric energy use patterns, an assessment of the value of the program to both participants and nonparticipants, and recommendations concerning modification of the program and the tariff or tariffs filed under subsection 16-107(b-5) of the Act. Within thirty (30) calendar days of receipt, the Company must file the annual report with the ICC. (Continued on Sheet No. 357)
4th Revised Sheet No. 358 Edison Company (Canceling 3rd Revised Sheet No. 358) RESIDENTIAL REAL TIME PRICING PROGRAM (Continued from Sheet No. 357) FOR INFORMATION ONLY * TERM OF SERVICE. A residential retail customer s term of service hereunder commences when the Company begins to provide service to the residential retail customer under Rate BESH and terminates when the residential retail customer terminates service under Rate BESH or when the residential real time pricing program is terminated, as provided in the Termination section of this tariff. * BILL PROTECTION EXPERIMENT. The provisions of this Bill Protection Experiment section are applicable with respect to certain residential retail customers to which this rider is applicable in order to allow the Company, on a short-term and limited basis, to study and evaluate whether a limited-time risk-free component pertaining to bundled electric service with hourly pricing impacts the number of residential retail customers electing to take service under Rate BESH and Rider RRTP. To the extent that the provisions in this Bill Protection Experiment section differ from otherwise applicable corresponding provisions of this rider, the provisions of this Bill Protection Experiment section apply to such certain residential retail customers. Applicability This Bill Protection Experiment section is applicable only to a maximum of thirty thousand (30,000) residential retail customers for which the Company provides bundled electric service hereunder that is measured in thirty (30) minute intervals with advanced metering installations (AMI) at the premises of such residential retail customers. Residential retail customers to which this Bill Protection Experiment section is applicable are selected for such applicability by the Company in accordance with the provisions of the Selection Process subsection of this Bill Protection Experiment section. (Continued on Sheet No. 358.1)
Edison Company Original Sheet No. 358.1 (Continued from Sheet No. 358) FOR INFORMATION ONLY Selection Process In order to be considered by the Company for selection to receive service under this rider in accordance with the provisions of this Bill Protection Experiment section, a residential retail customer must exhibit all of the following attributes: (a) reside at a premises that is not located within the boundaries of a Government Authority, as described in Rate GAP - Government Aggregation Protocols (Rate GAP), for which a Retail Electric Supplier (RES) is providing and has been providing aggregated electric power and energy supply service to applicable retail customers located within the boundaries over which such Government Authority has jurisdiction on an uninterrupted basis beginning no later than the monthly billing period for the month which precedes the month in which this tariff becomes effective; (b) be and have been taking service under Rate BES - Basic Electric Service (Rate BES) on an uninterrupted basis beginning no later than the monthly billing period for the month which precedes the month in which this tariff becomes effective by twelve (12) monthly billing periods; (c) be provided with bundled electric service by the Company that is measured with an AMI metering installation that has been in place and operational for such residential retail customer beginning no later than the monthly billing period for the month which precedes the month in which this tariff becomes effective by twelve (12) monthly billing periods; and (d) be expected on an annual basis, based upon an analysis of such residential retail customer s prior electric usage patterns and then applicable charges for service under Rate BESH and Rate BES, to be issued bills for electric service under Rate BESH and this rider that would be less than bills issued for electric service under Rate BES. After the Company identifies the residential retail customers eligible to be offered service under this rider in accordance with the provisions of this Bill Protection Experiment section based upon the qualifying attributes described in the previous paragraphs, the Company must randomly place each such eligible residential retail customer into one of two groups, the Control Group and the Bill Protection Group. Specifically, no more than twenty thousand (20,000) such eligible residential retail customers may be placed in the Control Group and no more than ten thousand (10,000) other such residential retail customers may be placed in the Bill Protection Group. The Company must then complete a balance test to verify that the distribution of relevant characteristics, including expected amounts by which bills for electric service under Rate BESH and this rider would amount to less than bills issued for electric service under Rate BES on an annual basis, of the residential retail customers in each of the Control Group and the Bill Protection Group are similar. In the event that the balance test indicates that such distributions of relevant characteristics in each group are not similar, the Company must perform the aforementioned random placement and balance test iteratively until such distributions are similar. (Continued on Sheet No. 358.2)
Edison Company Original Sheet No. 358.2 (Continued from Sheet No. 358.1) FOR INFORMATION ONLY Selection Process (Continued) Upon completion of the designation of eligible residential retail customers to the Control Group and Bill Protection Group, the Company shall then issue a notification to residential retail customers included in the Control Group. Such notification must: (a) invite such residential retail customer to elect to receive electric service under Rate BESH and this rider, and the date by which such customer must accept the invitation; and (b) inform such residential retail customer that bills issued for electric service under Rate BESH and this rider could, on an annual basis, amount to less than bills issued for electric service under Rate BES, based on such residential retail customer s historical electric usage characteristics. Concurrently, the Company shall issue a notification to residential retail customers included in the Bill Protection Group. Such notification must: (a) invite such residential retail customer to elect to receive electric service under Rate BESH and the Bill Protection Experiment section of this rider, and the date by which such customer must accept the invitiation; (b) inform such residential retail customer that bills issued for electric service under Rate BESH and the Bill Protection Experiment section of this rider, on an annual basis could amount to less than bills issued for electric service under Rate BES, based on such residential retail customer s historical electric usage characteristics; (c) inform such residential retail customer that if an election is made to receive electric service under Rate BESH and the Bill Protection Experiment section of this rider in response to the aforementioned invitation, such residential retail customer must receive service under Rate BESH and the Bill Protection Experiment section of this rider for a period of thirteen (13) consecutive monthly billing periods; and (d) assure such residential retail customer that if the election is made to receive bills for electric service under Rate BESH and the Bill Protection Experiment section of this rider and such bills sum to more than the sum of bills that would have been issued for electric service under Rate BES over the first twelve monthly billing periods of service under Rate BESH and the Bill Protection Experiment section of this rider such residential retail customer will be (i) switched back to taking service under Rate BES following the thirteenth month of service under Rate BESH and the Bill Protection Experiment section of this rider and (ii) issued a check by the Program Administrator for the amount by which the sum of the bills for electric service under Rate BESH and the Bill Protection Experiment Section of this rider exceeded the sum of the bills that would have been issued for electric service under Rate BES during the period during which such residential retail customer received service under Rate BESH and the Bill Protection Experiment section of this rider. (Continued on Sheet No. 358.3)
Edison Company Original Sheet No. 358.3 (Continued from Sheet No. 358.2) FOR INFORMATION ONLY Selection Process (Continued) Each aforementioned notification must be made in a letter sent via the United States Postal Service to each such residential retail customer, as applicable, by the Company. The enrollment period will end six weeks after the postmarked date of the earliest notification. Commencement of Service A residential retail customer that elects to receive service under Rate BESH and the Bill Protection Experiment section of this rider in response to an invitation issued in a notification sent to such residential retail customer by the Company, as described in the Selection Process subsection of this Bill Protection Experiment section, commences service under Rate BESH and the Bill Protection Experiment section of this rider in accordance with the provisions of this Bill Protection Experiment section beginning with such residential retail customer s next monthly billing period, provided the Company receives notification from such residential retail customer of such election in a timely fashion prior to the start of such residential retail customer s next monthly billing period. Term of Service The term of service provided in accordance with this Bill Protection Experiment Section for a residential retail customer in the Control Group is twelve (12) monthly billing periods. The term of service provided in accordance with this Bill Protection Experiment Section for a residential retail customer in the Bill Protection Group is thirteen (13) monthly billing periods. Termination of Service A residential retail customer electing service in accordance with the terms of this Bill Protection Experiment Section is allowed to terminate service hereunder prior to the end of such residential retail customer s term of service, as described in the Term of Service subsection of this Bill Protection Experiment section. Notwithstanding the previous provisions of this Bill Protection Experiment section, if such residential retail customer is included in the Bill Protection Group and terminates service hereunder prior to the end of such residential retail customer s term of service, the Company Obligations listed in the Company Obligations subsection of this Bill Protection Experiment Section are not applicable as of the date of such termination of service. (Continued on Sheet No. 358.4)
Edison Company Original Sheet No. 358.4 (Continued from Sheet No. 358.3) FOR INFORMATION ONLY Company Obligations The Company must fulfill obligations described in this Company Obligations subsection. (a) The Company must work with the Program Administrator, as applicable, to implement and administer the provisions of this Bill Protection Experiment section. (b) For each residential retail customer in the Bill Protection Group, the Company must determine if the total amount of the bills for electric service under Rate BESH and the Bill Protection Experiment section of this rider issued to such residential retail customer for the first twelve (12) monthly billing periods of service hereunder (Annual BESH Bill) exceeded the total amount of the bills that would have been issued for electric service under Rate BES during such twelve (12) monthly billing periods (Annual BES Bill). 1. In the event that the Annual BESH Bill for such residential retail customer exceeded the Annual BES Bill for such residential retail customer, the Company must (i) notify such residential retail customer of such finding, (ii) switch such residential retail customer from taking service under Rate BESH and the Bill Protection Experiment section of this rider to Rate BES beginning after the thirteenth monthly billing period of service hereunder, and (iii) direct the Program Administrator to issue a check equal to the amount such residential retail customer s Annual BESH Bill exceeded such Annual BES Bill. 2. In the event that the Annual BESH Bill for such residential retail customer did not exceed the Annual BES Bill for such residential retail customer, the Company must (i) notify such residential retail customer of such finding; (ii) inform such residential retail customer that electric service under Rate BESH and the sections of this rider other than this Bill Protection Experiment section is to continue to be provided to such residential retail customer beyond such residential retail customer s term of service, as described in the term of service subsection of this Bill Protection Experiment section, unless and until the Company responds to a request from such residential retail customer or a RES, as applicable, in accordance with applicable provisions in the Company s Schedule of Rates, to change the service provided to such residential retail customer; and (iii) inform such residential retail customer that the bill protection feature provided in accordance with this Bill Protection Experiment section is not applicable for electric service provided to such residential retail customer after such residential retail customer s twelfth monthly billing period of service provided under this rider. Any notification the Company must provide to a residential retail customer, as described in these Company Obligations (b), must be made in a timely fashion prior to the end of such residential retail customer s term of service, as described in the term of service subsection of this Bill Protection Experiment section. (Continued on Sheet No. 358.5)
Edison Company Original Sheet No. 358.5 (Continued from Sheet No. 358.4) FOR INFORMATION ONLY Company Obligations (Continued) (c) For each residential retail customer in the Bill Protection Group for which the Annual BESH Bill exceeded the Annual BES Bill, the Company must determine if the total amount of the bill for electric service under Rate BESH and the Bill Protection Experiment section of this rider issued to such residential retail customer for the thirteenth monthly billing period of service hereunder (Last BESH Bill) exceeded the total amount of the bill that would have been issued for electric service under Rate BES during such monthly billing period (Last BES Bill). In the event that the Last BESH Bill for such residential retail customer exceeded the Last BES Bill for such residential retail customer, the Company must instruct the Program Administrator to issue a check equal to the difference between the Last BESH Bill and the Last BES Bill. (d) No later than six (6) months following the completion of the Bill Protection Experiment, the Company must submit a report to the ICC that provides a summary and evaluation of the operation of the provisions of this Bill Protection Experiment section. Such report must address enrollment response rates, customer acquisition costs, and participant performance. Such report must be submitted to the ICC in an informational filing, with copies of such report provided to the Manager of the ICC Staff's Accounting Department and the Director of the ICC Staff's Financial Analysis Division. Such report must be verified by an officer of the Company. The provisions of this Bill Protection Experiment section are inoperative beginning January 1, 2021. However, at its discretion, the Company may terminate this Bill Protection Experiment prior to January 1, 2021. Any notification of the early termination of the Bill Protection Experiment the Company must be made to participating Bill Protection Group customers at least thirty (30) days prior to the end of the Bill Experiment Program. In such event, customers in the Bill Protection Group will be moved to Rate BES and the obligations set forth in item (b) will be calculated and applied for the time period that this Bill Protection Experiment was in effect, while customers in the Control Group will continue to receive service under Rate BESH and this Rider. (Continued on Sheet No. 358.6)
Edison Company Original Sheet No. 358.6 (Continued from Sheet No. 358.5) FOR INFORMATION ONLY TERMINATION. The continuing effectiveness of the residential real time pricing program is contingent upon the Company s ability to recover all costs it incurs under this program on a current basis. In the event that any law, rule, regulation, judicial or administrative order or decision or other requirement of any state, federal, or local government, judicial or regulatory body would have the effect of suspending, limiting, or denying the Company s ability to recover fully such costs from its residential retail customers on a current basis through the process described in Rider RCA or requiring that the Company make refunds of costs previously recovered from its residential retail customers through the process described in Rider RCA, then, and without any obligation on the Company s part to seek relief from such law, rule, regulation, judicial or administrative order or decision or other requirement of any state, federal, or local government, judicial or regulatory body, this residential real time pricing program terminates upon the filing of a notice of termination by the Company with the ICC. This rider is in effect until such time that the ICC orders the termination or the modification of the residential real time pricing program, unless terminated earlier as the result of the termination of the residential real time pricing program provided in the previous paragraph of this Termination section. (Continued on Sheet No. 359)
4th Revised Sheet No. 359 Edison Company (Canceling 3rd Revised Sheet No. 359) RESIDENTIAL REAL TIME PRICING PROGRAM * (Continued from Sheet No. 358.6) FOR INFORMATION ONLY MISCELLANEOUS GENERAL PROVISIONS. PJM Interconnection, L.L.C. (PJM) real time residual locational marginal prices (LMPs) for the ComEd Zone, listed in Eastern Prevailing Time (EPT), used to determine Hourly Energy Charges described in Rate BESH are available through PJM s web site. Furthermore, the Company electronically posts on its web site indicative day-ahead hourly energy prices and indicative real time hourly energy prices determined from PJM day-ahead residual LMPs and real time residual LMPs, respectively, for the ComEd Zone. Such indicative hourly energy prices, listed in Central Prevailing Time (CPT), include adjustments for line losses and supply-related uncollectible costs incurred by the Company as described in the Hourly Energy Charges subsection of the Monthly Charges section of Rate BESH. The indicative day-ahead hourly energy prices are posted on a day-ahead basis in the form of twenty-four (24) hourly energy prices beginning with the hour from 11:00 p.m. of the present day to 12:00 a.m. (midnight) of the following day. The indicative real time hourly energy prices are posted on a day-after basis in the form of twenty-four (24) hourly energy prices beginning with the hour from 11:00 p.m. of two days before to 12:00 a.m. (midnight) of the day before. There are twenty-three (23) hourly energy prices for the first Sunday of Central Daylight Savings Time and twenty-five (25) hourly energy prices for the first Sunday of Central Standard Time. The Company bears no responsibility or liability for anyone s failure or inability to access the hourly energy pricing data on either PJM s or the Company s web site for any reason. Nor does the Company bear any responsibility or liability for the accuracy of the PJM data that appears on the PJM web site or that is used to develop the data that appears on the Company s web site. The Company is not liable for any act, omission, promise or representation of the Program Administrator. The Program Administrator has no authority to enter into any agreement on behalf of the Company or to amend, modify, or alter any of the Company's tariffs, contracts, or procedures, or to bind the Company by making any promises, representations, or omissions. The Company has no responsibility or liability for any information or advice that may be provided by the Program Administrator in connection with a residential retail customer's decision to elect service under Rate BESH. The Company s Schedule of Rates, of which this rider is a part, includes General Terms and Conditions and other tariffs. Service hereunder is subject to the General Terms and Conditions and such other tariffs, as applicable.