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On-bill Financing Working Group

This document outlines key principles and issues related to on-bill financing (OBF) as discussed by the On-bill Financing Working Group on October 5, 2009. It emphasizes the need for strong consumer protections, clear disclosures, and the alignment of repayment obligations with utility meters. Recommendations include avoiding loans for customers better served by grants and ensuring immediate bill reductions for energy efficiency measures. Additionally, the importance of consumer education and safeguards against fraudulent practices in energy billing is highlighted.

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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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