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Utility rate escalators will be changing on November 151, 20232024. Each state in EverBright has a default utility rate escalator that will automatically apply to any job quoted in the respective state. EverBright’s default utility rate escalators are calculated by taking the average of the annual rate change for the previous 20 years of available US Energy Information Administration EIA data (currently available through 20222023). The vast majority of active EverBright markets will see an increase in the underlying default assumption as a result of this year’s update.
If an organization is already using custom utility rate escalators – which override the default assumptions – these will remain in place and the new default utility rate escalators will not be applied.
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PPA proposals in some states will likely show negative savings if the default utility escalator is not overridden. Installers are able to set escalator values within our compliance rules.
If a user finds that the default utility rate escalator is higher than the average utility rate increase in their local market, they have the ability to use a custom rate.
To choose a custom rate, navigate to User Settings > Usage Phase > Utility Rate Escalation > Edit:
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From there, select the State and Utility (the default rate will be displayed), enter and add the New Rate:
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Updated Utility Rate Escalator as November 1, 2024
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Additionally, effective November 13, 2024 we will be removing the ability to use custom utility rate escalators to override the default assumptions. Our default utility rate escalators will apply to all jobs. |