Niagara-on-the-Lake Hydro would like you to know how some of the aspects of your bill will change over the coming years. The average Residential and Small Business Customer will likely see the following changes to their total bill (excluding unknown future commodity rate changes):
|
Account Type |
Average kWh per Month |
Total Bill April 30, 2015 |
Total Bill May 1, 2015 |
Total Bill January 1, 2016 |
Total Bill May 1, 2016 |
|
Residential |
800 |
$126.16 |
$134.23 |
$148.28 |
$145.19 |
|
Small Business (GS<50) |
2000 |
$301.13 |
$322.68 |
$372.18 |
$363.70 |
There are five specific rates that are expected to change from now until May 1, 2019 (listed in chronological order):
- Debt Reduction Charge – Ontarians currently pay a rate of 0.7 cents per kWh that goes to the Ontario Electricity Financial Corp to pay down stranded debt. This charge will be eliminated for residential customers as of January 1, 2016.
- Ontario Electricity Support Program – A new low-income support program was recently announced and is estimated to cost $0.70 per month. This program will be offered to low-income households in Ontario and will begin on January 1, 2016.
- Ontario Clean Energy Benefit – This is a 10% rebate on residential and small business electric accounts for the first 3,000kWh/month and was instituted on September 1, 2012 after the introduction of the HST to electric bills. This rebate will be eliminated on January 1, 2016.
- Fixed Service Charge – It is expected that by May 1, 2019, Niagara-on-the-Lake Hydro’s portion of your electric bill will become a set rate per household/small business. Currently it is a combination of a fixed charge along with a charge based on your consumption.
- Distribution Volumetric Charge (per kWh) – This charge is expected to be eliminated with the adoption of a full Fixed Service Charge.
We’ve created an excel file to help you see how your costs may be affected. The calculator will be updated as more information becomes available. Please click on the link below to download the Microsoft Excel file.
Please note this update does not take the commodity price per kWh into consideration (TOU rates). Our calculations will use the rates as of May 1, 2015 as the basis for future price estimates. Rates are set by the Ontario Energy Board (OEB) and are subject to change every six months (May 1 and November 1). Visit www.ontarioenergyboard.ca for up-to-date pricing.