TORONTO, June 23 /CNW/ - Today the Ontario Energy Board approved a
Quarterly Rate Adjustment Mechanism (QRAM) application for changes to natural
gas commodity and delivery rates charged by Enbridge Gas Distribution Inc.
(Enbridge) effective July 1, 2009.
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 quarterly
to determine what they expect to pay for the natural gas they supply to their
customers over a 12-month period.
Consumers' bills will change depending on the amount of natural gas used,
and type of consumer. The changes will result in an annual decrease of
approximately $252 for residential consumers using 3,064 cubic meters (m(3)) a
year who purchase their natural gas directly from Enbridge (system gas
The combined effect of the approved natural gas commodity price and the
gas price adjustment means consumers will pay an effective rate of 14.7149
cents/m3 for the period July 1st to September 30, 2009.
Consumers who purchase natural gas from a natural gas marketer (direct
purchase customers) will see an annual decrease of approximately $10 to their
bill resulting from changes to delivery charges, but will continue to pay the
price of natural gas set out in their contract.
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 toward this vision through regulation
that is 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.
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For further information:
For further information: Vanda Wall, Ontario Energy Board, (416)