OEB Issues Regulatory Framework on Conservation and Demand Management



    TORONTO, March 2 /CNW/ - Today the Ontario Energy Board (the Board)
released its final report outlining the regulatory framework for conservation
and demand management (CDM) activities by Ontario electricity distributors in
2007 and beyond.
    The Board report sets out the regulatory framework to address
rate-related matters stemming from involvement by electricity distributors in
the delivery of CDM programs funded by the Ontario Power Authority (OPA), and
through distribution rates.
    In July 2006, the OPA was given the task of organizing and administering
the delivery and funding of conservation and demand management programs
through electricity distributors. This role includes administration of a three
year fund of up to $400 million.
    The Board assumes that once this funding from the OPA is available, there
will be two streams of funding available to distributors for the delivery of
conservation and demand management programs: funding from the OPA, and funding
through consumer distribution rates, each with different ratemaking
implications.
    In its report, the Ontario Energy Board also notes that it will provide
an extension of incremental funding for certain programs originally approved
by the Board, until such time as OPA funding for these programs becomes
available.
    A copy of the report is available on the Board's website at
www.oeb.gov.on.ca.

    The Ontario Energy Board regulates the province's electricity and natural
gas sectors in the public interest. It envisions a healthy and efficient
energy sector with informed consumers, and works towards this vision through
regulatory processes that are 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.




For further information:

For further information: Paul Crawford, (416) 440-7607


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