TORONTO, May 6 /CNW/ - Today the Ontario Energy Board (the Board)
announced electricity distribution rates for Norfolk Power Distribution
Rates were set using incentive regulation guidelines, a formula that
provides a standard adjustment to rates to account for inflation and to
encourage productivity improvements.
Bill impacts will vary with each utility, in part because of additional
considerations such as recovering or repaying various account balances
related to settlements with the Independent Electricity System Operator
for commodity-related costs.
The Board has approved 2011 rates using its incentive regulation
guidelines for 62 electricity utilities to date. The average overall
bill increase from those rate adjustments is approximately 0.92% or
$0.90 for residential customers using 800 kWh per month.
The new rates take effect May 1, 2011.
A table of estimated bill impacts on residential consumers' bills is
available on our website at http://www.ontarioenergyboard.ca/OEB/_Documents/2011EDR/bill_impacts_2011.pdf.
For more information please refer to the 2011 Electricity Distribution
Rates Backgrounder on our website site at http://www.ontarioenergyboard.ca/OEB/_Documents/Press+Releases/bckgrndr_2011.pdf.
The Ontario Energy Board regulates the province's electricity and
natural gas sectors in the public interest. It envisions a viable and
efficient energy sector with informed consumers, and works towards this
vision through regulation that is effective, fair and transparent. For
more information on the Board, please visit our website at www.ontarioenergyboard.ca or contact the Consumer Relations Centre at 416-314-2455 or toll-free
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SOURCE Ontario Energy Board
For further information:
Ontario Energy Board