Understanding your electricity bill is important for you to make informed decisions about your energy usage.
Electricity Bill Charges
Your bill includes a line item called Electricity. This is the cost of the electricity that you used during the billing period. Most Ontario residential and small business consumers that buy electricity from their utility are billed using time-of-use rates. These rates vary depending on how much electricity you use.
The Ontario Energy Board currently sets these rates in accordance with the government’s Fair Hydro Plan Act, which came into effect on June 1, 2017
Time of Use Rates Effective May 1:
For all residential and small commercial not on Time-of-Use RPP Prices(or with a retailer) – You will be billed using tiered pricing.
Tired RPP Prices Effective May 1:
Most electricity generating companies get a guaranteed price for the electricity that they produce. The Global Adjustment is the difference between that guaranteed price and the money the generators earn in the wholesale marketplace. The Global Adjustment also covers the costs of some conservation programs.
All electricity consumers have to pay a share of the Global Adjustment. The time-of-use and tiered electricity rates charged by your electricity utility already include an estimate of the Global Adjustment. If you sign up for a contract with an energy retailer, you have to pay your share of the Global Adjustment on top of the contract price. The Global Adjustment will also appear as a separate line on your bill
This is the cost of delivering electricity from generating stations across the province to your home or business through high voltage (transmission) and low voltage (distribution) power lines.
Wasaga Distribution’s Residential Delivery Charges:
Distribution Flat Charge: A fixed charge for costs related to meter reading, billing, customer service and account maintenance, and for general utility operations.
Transmission Charge: A variable charge for the costs of transmitters to operate and maintain the high-voltage transmission system that carries electricity from generating stations to your utility.
Line Loss Adjustment: It is normal for a small amount of power to be lost as it travels over the utility’s power lines to your home or business. In calculating your electricity costs for the billing period, your utility multiplies your electricity cost by an adjustment factor that accounts for those losses. They do this using an adjustment factor that is approved by the Ontario Energy Board. The charges for losses are included on the Delivery line of your bill.
Wasaga Distribution’s Line Loss Adjustment is 1.0802 (8.02%).
Regulatory charges are the costs of administering the wholesale electricity system and maintaining the reliability of the provincial grid.
Wasaga Distribution Residential Regulatory Charges:
Wholesale Market Service Charge includes the cost of services provided by the Independent Electricity System Operator (IESO) to operate the wholesale electricity market and maintain the reliability of the high voltage power grid. It also covers certain costs incurred by local utilities to connect renewable generation.
Rural and Remote Electricity Rate Protection (RRRP): This charge is collected by the IESO to pay certain electricity distributors who provide electricity service in rural and remote areas. It helps to offset the higher cost of providing service to consumers in those areas. On June 1, 2017, the Ontario Fair Hydro Act came into effect. It removed some of the cost of the RRRP from electricity bills, and instead funds the majority of this program through taxes.
Standard Supply Service Charge: In addition to the wholesale market service charge, these Regulatory Charges also include a Standard Supply Service Charge. If you purchase electricity directly from your local utility, you pay an administrative fee to the utility to cover these costs. This charge is the same for all utilities in the province. The Ontario Energy Board sets this charge.
Current Electricity Prices – News Release
Current Tariff of Rates and Charges (All Customers)
Historical Electricity Charges
Historical Residential and Small Commercial Time-of-Use RPP Prices:
Historical Residential and Small Commercial Tiered RPP Prices: