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PURA adopts procedural changes to RAM reviews to help mitigate wholesale price swings; no immediate rate effect
Summary
PURA approved procedural reforms for annual rate-adjustment mechanisms (RAM) for Eversource and United Illuminating to better monitor the net cost effects of power purchase agreements tied to locational marginal price (LMP) volatility; the decision does not change current electricity rates.
The Public Utilities Regulatory Authority on Dec. 10 adopted a procedural decision to refine how the state's electric distribution companies report and how the Authority monitors the net cost effects of embedded power purchase agreements within the non-bypassable federally-mandated congestion charge.
Authority staff presenter Mr. Norton described a two-step analysis for…
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