TORONTO, Dec. 23 /CNW/ - Today the Ontario Energy Board (the Board) announced electricity distribution rates for Renfrew Hydro Incorporated (Renfrew). The new rates are effective December 1, 2010.
The delivery line of electricity bills will increase by approximately 6.5% or $1.95 for Renfrew's residential customers using 800 kWh per month. The delivery line represents about one-third of the total bill.
Changes to the revenue requirement are primarily the result of unique, one-time expenses including $131,000 to purchase and install a new transformer and the cost of maintaining a safe, efficient distribution system.
Renfrew will also return a credit of $1,197,028 to its ratepayers over a period ending April 30, 2013, to clear certain deferral and variance accounts.
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.oeb.gov.on.ca or contact the Consumer Relations Centre at 416-314-2455 or toll-free at 1-877-632-2727.
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SOURCE Ontario Energy Board
For further information: For further information: Media Inquiries, Vanda Wall, Ontario Energy Board, 416-544-5171; Public Inquiries, 416-314-2455 Or 1-877-632-2727