Effective November 1, 2019, certain changes will be introduced to electricity bills as a result of recent regulatory amendments to O.Reg. 363/16 and O.Reg. 364/16 made under the Ontario Rebate for Electricity Consumers Act, 2016. In particular, the Ontario government’s new Ontario Electricity Rebate will come into force as a new on-bill line item.
The new Ontario Electricity Rebate will replace the former 8% Provincial Rebate as well as the rate reduction previously provided through Global Adjustment (GA) Refinancing.
The updated bills will display:
- The Ontario Electricity Rebate (OER) – the new provincial rebate that replaces the former 8% Provincial rebate and the rate reduction previously provided through GA Refinancing under the previous Fair Hydro Plan.
- Updated electricity prices under the OEB’s Regulated Price Plan that show the true cost of power.
- A separate statement that summarizes total Ontario support on the bill for customers who receive support from multiple provincial programs.
Additional information about the Ontario Electricity Rebate is available at https://www.ontario.ca/page/changes-your-electricity-bill
Ontario Electricity Rebate Effective November 1, 2019
Effective November 1, 2019, the Province of Ontario replaced the 8% Provincial Rebate with a new Ontario Electricity Rebate (“OER”).
Update: Effective January 1, 2021 the OER Rebate is 21.2%
The Government’s intention is that, for residential and small business customers, the reduction in the electricity price effective Jan 1, 2021 will be offset by the change in the OER.