Understanding your bill – Your Business
This is the cost of the electricity supplied to you during the billing period and is the part of the bill that is subject to competition.
The Ontario Energy Board is responsible for regulating electricity prices for residential and small commercial consumers. More information about electricity pricing is available on the opens in a new windowIESO or opens in a new windowOEB website.
These are the costs of delivering electricity from generating stations across the province to ERTH Power then to your home or business. This includes the costs to build and maintain the transmission and distribution lines, towers and poles and operate provincial and local electricity systems.
A portion of these charges are fixed and do not change from month to month. The rest are variable and increase or decrease depending on the amount of electricity you use..
Regulatory charges are costs of administering the wholesale electricity system and maintain the reliability of the provincial grid.
The Global Adjustment accounts for differences between the market price of electricity and rates paid to regulated and contracted generators. it also covers the costs of some conservation programs. All electricity consumers have to pay a share of the Global Adjustment. Time-of-use and tiered electricity rates include an estimate of the Global Adjustment. Global Adjustment applies as a separate bill line item for business customers who pay the spot market price and customers who have signed a contract with an energy retailer.
This benefit indicates the difference between the regulated and contract prices for electricity that are paid to generators and the amount they would have received in the wholesale electricity market, called the IESO spot market. This will either be a credit or a charge depending on the prices for electricity in the IESO spot market.
For a detailed explanation of electricity terms visit the opens in a new windowIESO or opens in a new windowOEB online.
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