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Affordable Payment Plans Design Options

Affordable Payment Plans Design Options. NLIEC June 13, 2006 David Carroll. How to design a low income payment program…. Document needs Set goals Understand existing programs Update goals Understand existing policies and practices Update goals.

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Affordable Payment Plans Design Options

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  1. Affordable Payment PlansDesign Options NLIEC June 13, 2006 David Carroll

  2. How to design a lowincome payment program… • Document needs • Set goals • Understand existing programs • Update goals • Understand existing policies and practices • Update goals

  3. How to design a lowincome payment program… • Identify program options • Consider how options relate to goals • Select program options • Update goals • Design program procedures • Update goals ….

  4. Program Options • Program Administrator • State/Local Government – NJ USF • Utility/Contractor • Nonprofit Organization • Relationship to LIHEAP • None • Screening/Eligibility • Coordination of Benefits – NJ USF

  5. Program Options • Benefit Determination • Fixed Amount • Percent of Income – NJ USF • Rate Discount • Subsidy Distribution • Fixed Payment • Rate Discount • Fixed Credit – NJ USF

  6. Program Options • Preprogram Arrears • Up Front Forgiveness • Earned Forgiveness – NJ USF • Partial Earned Forgiveness • Benefit Period • Unlimited • Fixed Period – NJ USF • Conditional Period

  7. Why it matters… • Example: • Gas Bill = $1000 • Subsidy = $500 • Gas Price Increase = 50% • Gas Bill = $1,500 • Fixed Payment Subsidy = $1,000 • Rate Discount Subsidy = $750 • Fixed Credit Subsidy = $500

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