Ontario is deferring a component part of Global Adjustment ( GA ) complaint for industrial and commercial electrical energy consumers that do not participate in the Regulated Price Plan ( RPP ) , starting from April 2020 . The GA rate for smaller industrial and commercial consumers ( i.e. , Class B ) has been set at $ 115 per megawatt - hour , which is roughly in line with the March 2020 economic value . Large industrial and commercial consumer ( i.e. , Class A ) will find the same percentage reduction in GA charges as Class B consumer .
The government intends to keep this relief in lieu through the end of June 2020 , subject to necessary extensions and approvals to implement this initiative .
Industrial and commercial electricity consumers will mechanically see this relief reflected on their April usance neb .
What is the Government of Ontario doing and why?Ontario is set back a dowry of Global Adjustment ( GA ) charge for industrial and commercial-grade electricity consumers that do not take part in the Regulated Price Plan ( RPP ) , start out from April 2020 . The government destine to keep this relief in place to the end of June 2020 , capable to necessary extensions and approvals to implement this enterprisingness .
The GA rate for smaller industrial and commercial-grade consumer ( i.e. , Class B ) will be prepare at $ 115 per megawatt - hour , which is roughly in line with the March 2020 value . Large industrial and commercial consumer ( i.e. , Class A ) will receive the same percentage simplification in atomic number 31 charges as Class B consumer .
This will provide immediate fiscal support for company when they need it most : as they do their part to contain COVID-19 and as they prepare to help get our economy moving again .
Who will benefit?Ontario anticipates that more than 50,000 industrial ( typically Class A ) and commercial-grade ( typically Class B ) electricity consumers will do good from this succor .
Subject to necessary extensions and approvals to implement this initiative , these consumer would be protected from a marked step-up in tabun cost make by the scurvy need during the COVID-19 outbreak for the months of April , May and June 2020 .
Will consumers be expect to pay back the temporary relief at a late date?Yes , in 2021 , Class A and Class B consumers would see an increase in their GA cost over a 12 - calendar month period .
The government think to nominate regulatory amendments ( together with other amendments as necessary ) to O. Reg . 429/04 made under the Electricity Act , 1998 in May 2020 .
If approved , these proposed amendment would allow the Independent Electricity System Operator ( IESO ) to recover the deferred GA armorial bearing over a 12 - month catamenia beginning in January 2021 .
involvement costs colligate to the postponement would not be retrieve from consumers .
Why is this relief only being allow temporarily?These are temporary moderation cadence intended to furnish immediate fiscal reinforcement for companies when they need it most : as they do their part to contain COVID-19 and as they organise to help get our economy moving again .
For more information : Niagara Peninsula Energy7447 Pin Oak DriveP.O. Box 120Niagara Falls , ON L2E 6S9(905 ) 356 - 2681[email protected]www.npei.ca
