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On-bill Financing Working Group

On-bill Financing Working Group. Principles and Issues for On-bill Repayment October 5, 2009. Principles and Issues. 5 Contributions from Attorney General: Danielle Rathbun Elliott Jacobson, Charlie Harak NEEC: Paul Gromer Paul Johnson Penn Loh, Mary Jo Connelly, Larry Chretien

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On-bill Financing Working Group

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  1. On-bill Financing Working Group Principles and Issues for On-bill Repayment October 5, 2009

  2. Principles and Issues • 5 Contributions from • Attorney General: Danielle Rathbun • Elliott Jacobson, Charlie Harak • NEEC: Paul Gromer • Paul Johnson • Penn Loh, Mary Jo Connelly, Larry Chretien • Substantial Agreements in several areas

  3. Principles with substantial agreement • Full disclosures in plain English • Tie repayment obligations to the meter • Do not offer loans to customers best served by grants (gen <60% median but some put at 120%) • No termination if failure to repay on-bill efficiency obligations. Strong consumer protections.

  4. Principles with substantial agreement (2) • Positive cash flow from measures but clear disclosure that bills vary for multiple reasons, e.g. commodity costs, seasonal usage differences. • Some suggest immediate bill reductions are necessary • Individual credit checks eliminated or minimized (small C/I prog looks at utility bill repayment history but that’s all)

  5. Additional Issues • Strong consumer education component • Efficiency as a “confidence builder” • Savings guarantees, strong EMV • Integration within Mass SAVE • Facilitate deep energy retrofits • Prevent gaming in payment of supply v distribution charges.

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