WIND CONCERNS ONTARIO: On WordPress
The Ontario Energy Board (OEB) is responsible for setting Ontario’s time-of use (TOU) and regulated price plan (RPP) electricity rates, and it does this twice annually, in April and October. The announcements are made slightly in advance of the effective dates of May 1st and November 1st and reflect what the OEB anticipates will occur in the upcoming six months. The reset rates are based on what the OEB feels will be required to pay the generators over that period of time.
The OEB preface their announcement by saying that “the increase will add [insert amount] to the average ratepayer’s bill per month or [insert percentage] of the total monthly bill.” They never specify that it is only the cost of electricity and that other items on your bill will/or may have already gone up! Their last announcement on TOU and RPP rates indicated an increase of…
View original post 1,014 more words