The Ontario Energy Board (OEB) has now set the costs to be
recovered from Ontario electricity ratepayers for the Ontario
Electricity Support Program. In a previous post, we discussed the OESP and the OEB
website (www.OntarioElectricitySupport.ca ) where
low-income electricity consumers can sign up for the OESP. Under
the OESP, eligible low-income households can receive monthly
credits ranging from $30 to $75 on their electricity bills.
In a Decision released yesterday, the OEB
determined that the total OESP credits expected to be issued during
2016 will be around $145 million. There are also administration and
implementation costs of around $13 million. To recover these costs,
the OEB has approved a new rate to be charged to electricity
distribution customers in Ontario as part of the Regulatory Charges
line on their bills. This rate will be charged on a volumetric
basis, staring on January 1, 2016. According to the OEB, an average
consumer will pay around $.93 per
