TORONTO, Oct. 25 /CNW/ - Today the Ontario Energy Board (the Board)
issued a Decision and Order approving the 2007 electricity distribution rates
for Newbury Power Inc. (Newbury).
The changes, which take effect November 1, 2007, will have an overall
total bill increase for a typical residential customer using 1,000 kWh per
month of approximately 0.19% or $0.21 on their monthly bill. Distribution rate
changes are included under the "Delivery" line of consumers' bills.
Newbury applied for distribution rate changes using the Board's incentive
regulation guideline. The guideline provided a modest increase due to
inflation, less an adjustment to encourage utilities to find efficiencies in
The Decision also reflects approved funding for smart meters in the
amount of $0.25 per month. In its Decision, the Board noted Newbury will not
be undertaking any smart metering activity in 2007, and that the amount
collected through the smart meter rate adder, will be retained in existing
variance accounts to fund future smart meter activity.
This Decision follows the October 12, 2007 Board announcement of the new
electricity commodity prices that will also take effect November 1, 2007. The
new commodity prices will be reflected on the "Electricity" line of consumers'
bills and are included in the estimated 0.19% increase to the total bill.
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)