
		As at September 30,		As at March 31,
	2022			2022
Trade accounts receivable, net	$	159,224	$	147,063
Unbilled revenue, net		106,212		82,946
Accrued gas receivable		–		1,414
Commodity receivables		89,556		77,518
Total trade and other receivables, net	$	354,992	$	308,941

The lifetime ECL reflects Just Energy’s best estimate of losses on the accounts receivable and unbilled revenue balances. Just Energy determines the lifetime ECL by using historical loss rates and forward-looking factors, if applicable. The Company accrues an allowance for current ECL based on (i) estimates of uncollectable revenues by analyzing accounts receivable aging and current and reasonable forecasts of expected economic factors including weather-related events; and (ii) historical collections and delinquencies.

Just Energy is exposed to customer credit risk on its operations in Alberta, Texas, Illinois (gas), California and Ohio (electricity). Credit review processes have been implemented to perform credit evaluations of customers and manage customer default. If a significant number of customers were to default on their payments, it could have a material adverse effect on the operations and cash flows of Just Energy.

In the remaining markets, the LDCs provide collection services and assume the risk of any bad debts owing from Just Energy’s customers for a fee that is recorded in cost of goods sold. Although there is no assurance that the LDCs providing these services will continue to do so in the future, management believes that the risk of the LDCs failing to deliver payment to Just Energy is minimal.

The aging of the trade accounts receivable, excluding the provision for expected credit losses, from the markets where the Company bears customer credit risk was as follows:


		As at September 30,		As at March 31,
	2022			2022

Current	$	84,446	$	57,766
1–30 days		16,651		16,061
31–60 days		7,526		4,470
61–90 days		5,521		1,220
Over 90 days		2,179		5,106
Total trade receivables	$	116,323	$	84,623

Changes in the provision for expected credit losses related to the balances in the table above were as follows:


		As at September 30,		As at March 31,
	2022			2022

Balance, beginning of period	$	14,037	$	18,578
Provision for expected credit loss		27,206		24,242
Bad debts written off		(17,312)		(34,504)
Recoveries		1,246		5,148
Foreign exchange		(278)		573
Balance, end of period	$	24,899	$	14,037

The unbilled revenue subject to customer credit risk is $98.4 million as at September 30, 2022 (March 31, 2022 – $71.2 million).

The Company expected to receive the proceeds of $147.5 million from ERCOT the first half of calendar year 2022 and concluded that the threshold for recognizing a receivable was met in December 2021 as the amounts to be received

were determinable and ERCOT was directed by its governing body, the PUCT, to take all actions required to effectuate the funding approved in the Final Order. The associated Weather Event Cost Recovery is reflected in cost of goods sold within the Interim Condensed Consolidated Statements of Operations as that is where the initial costs, which are being compensated for, were recorded. The Company received the proceeds of $147.5 million from ERCOT in June 2022.