TORONTO, May 22, 2014 /CNW/ - The OEB announced today that it will
extend the period for which most Ontario residential customers of
Enbridge Gas Distribution are required to pay for unexpected, high
prices incurred during the cold winter months.
The past winter was one of the longest and coldest on record in Ontario
in 37 years. Today's decision will help customers manage the monthly
cost of the resulting higher prices. It means that the unexpected high
price of natural gas during the past winter will be recovered from
customers over 27 months instead of the standard 12 months. The impact
of this decision on monthly bills will take effect on July 1, 2014 for
customers who buy their natural gas through Enbridge.
"The Board finds that spreading the impact of the rate increase over an
extended time period is warranted in this case to lessen the bill
impact for customers that buy their gas from Enbridge," the decision
In arriving at this decision the Board took into account the views of
individual consumers and consumer stakeholder groups, such as the
Federation of Rental-housing Providers of Ontario, Consumers Council of
Canada, the Vulnerable Energy Consumers Coalition, the Industrial Gas
Users Association, Energy Probe and the Canadian Manufacturers &
After considering the views of those groups and individuals, the Board
also intends to review its process of reviewing the cost of natural gas
that utilities pass on to customers.
About the OEB
The Ontario Energy Board is an independent and impartial public agency.
We make decisions that serve the public interest. Our goal is to
promote a viable and efficient energy sector that provides reliable
energy services at a reasonable cost.
SOURCE: Ontario Energy Board
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