Business Electricity Rates

For customers using more than 250,000 kWh of electricity per year

Since the beginning of the year, a new adjustment to wholesale prices called a "Provincial Benefit" has appeared on utility bills. This adjustment accounts for differences between the market price and rates paid to regulated and contracted generators. The Provincial Benefit is calculated to reflect:

The difference between the market price and the regulated rate paid to Ontario Power Generation's baseload generating stations.

Payments made to suppliers that were awarded contracts through the Ontario government's RFP process.

The difference between contracted rates paid to Non-Utility Generators and the market price. These costs used to be paid through the Debt Retirement Charge.

The Provincial Benefit may be a positive or negative number, depending on whether the market price is lower or higher than the fixed rates. Note the amount that appears on your bill may be different, taking into account the period of time covered in your bill. For more information visit the website of the Independent Electricity System Operator; or click on the link Provincial Benefits and Other Rebates.