UNDERSTANDING YOUR BILL
Understanding your bill
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 Erie Thames Powerlines 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.
Debt Retirement Charge:
The debt retirement charge is set by the Ontario Ministry of Finance to pay down the remaining debt of the former Ontario Hydro. Further to a commitment made on April 23, 2014, the government removed the Debt Retirement Charge (DRC) from all residential class users’ bills effective January 1, 2016 and all commercial class users’ bills effective April 1, 2018. opens in a new windowLearn more at Ontario.ca.
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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