TORONTO, April 21 /CNW/ - Today the Ontario Energy Board (the Board)
announced electricity distribution rates for the following utilities:
Festival Hydro Inc.
Grimsby Power Inc.
Hydro 2000 Inc.
Rates were set using incentive regulation guidelines, a formula that
provides a standard adjustment to rates to account for inflation and to
encourage productivity improvements. Bill impacts will vary with each
utility, in part because of additional considerations such as
recovering or repaying various account balances related to settlements
with the Independent Electricity System Operator for commodity-related
The Board has approved 2011 rates using its incentive regulation
guidelines for 59 electricity utilities to date. The average overall
bill increase from those rate adjustments is approximately 1.02% or
$1.00 for residential customers using 800 kWh per month.
The new rates take effect May 1, 2011.
A table of estimated bill impacts on residential consumers' bills is
available on our website at http://www.ontarioenergyboard.ca/OEB/_Documents/2011EDR/bill_impacts_2011.pdf.
For more information please refer to the 2011 Electricity Distribution
Rates Backgrounder on our website site at http://www.ontarioenergyboard.ca/OEB/_Documents/Press+Releases/bckgrndr_2011.pdf.
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.ontarioenergyboard.ca or contact the Consumer Relations Centre at 416-314-2455 or toll-free
Ce document est aussi disponible en français
SOURCE Ontario Energy Board
For further information:
| Media Inquiries |
Ontario Energy Board
| Public Inquiries |