What are the changes?
Effective May 1, 2018, the Ontario Energy Board (OEB) announced there will be little change in Electricity rates for customers paying under the Regulated Price Plan (RPP) for Time-of-Use rates and Tiered Pricing. For more information, please click here.
Effective April 1, 2018, the Debt Retirement Charge (DRC) is no longer applied to customers. You will continue to see the DRC line item on your bill for a period of time, but it will appear as a zero charge. For more information, visit Ministry of Finance.
Effective January 1, 2018, the Ontario Energy Board (OEB) has approved changes to Delivery Charges.
The changes include:
- Customer Charge
- Distribution Charge
- Rate Rider for Disposition of Deferral/Variance Account
- Rate Rider for Disposition of Capacity Based Recovery Variance Sub-Account
- Rate Rider for Disposition of LRAM Variance Account
- Rate Rider for Disposition of Global Adjustment Account (Non-RPP Customers)
- Transmission Network Charge
- Transmission Connection Charge
Also on May 31, the Ontario government passed the Fair Hydro Act, 2017, which is intended to lower electricity bills by an average of 25% for all residential consumers, small businesses and farms. Part of this Act includes the following changes, effective July 1, 2017:
- Lower Electricity Rates. Electricity rates for customers paying Time-of-Use (TOU) rates or Tiered Pricing through the Regulated Price Plan (RPP) have been reduced.
- Lower Regulatory Charges. The Rural or Remote Electricity Rate Protection Charge (RRRP), which appears as part of the Wholesale Market Service Charges and off-sets the cost of serving customers in rural or remote areas, has been reduced.
- If you are not billed on RPP rates but are otherwise eligible for the 8% Provincial Rebate, you will see a lower Global Adjustment (GA) amount under the Electricity section of your bill.