TORONTO, Dec. 18 /CNW/ - Today the Ontario Energy Board approved changes
to natural gas commodity and delivery rates charged by Enbridge Gas
Distribution Inc. (Enbridge) effective January 1, 2008.
Consumers' bills will change depending on the amount of natural gas used,
and type of consumer. Residential consumers who purchase their natural gas
from their local utility (system gas customers) using 3,064 cubic meters (m3)
a year will see an annual decrease of approximately $68 on their bill. The
Board will continue to review the natural gas commodity rates for system gas
customers every 3 months and make an adjustment to rates, if necessary.
This quarterly rate adjustment to the natural gas commodity price
reflects a decrease in the forecast average price of natural gas over the next
12 months. Natural gas utilities forecast the price of natural gas on a
quarterly basis to determine what they expect to pay for the natural gas they
supply to their customers over a twelve-month period. Supply disruptions
caused by unforeseen events, the price of oil on the world market, and severe
or abnormal weather can impact the market price of natural gas.
The Board has also approved a change to the gas cost adjustment for
system gas customers for the period of January 1, 2008 to December 31, 2008. A
typical residential customer will now see a refund of 2.2612 cents/m3. The
credit represents the difference between the actual and forecast cost of
The combined effect of the approved natural gas commodity price and the
gas cost adjustment means consumers will pay an effective rate of
24.4989 cents/m3 for the period January 1st to March 31st.
Consumers who purchase their gas commodity from a natural gas marketer
will see an increase of about $3 annually to their bill resulting from changes
to delivery charges. These rate changes do not have any impact on the price of
the natural gas commodity direct purchase consumers pay as a result of a
contract with a natural gas marketer.
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 served by responsive regulatory processes that
are effective, fair and transparent.
For more information on the Board, please visit our web site at
www.oeb.gov.on.ca or contact the Consumer Relations Centre at 416-314-2455 or
toll-free at 1-877-632-2727.
For further information:
For further information: Vanda Wall, Ontario Energy Board, (416)