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ARTICLE · 12 APRIL 2013

Ontario’s Global Adjustment: A Tale Of Two Classes

Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
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In 2005, the Province of Ontario added the Global Adjustment to electricity consumers’ bills in order to stabilize the price of electricity.

CanadaEnergy and Natural Resources

In 2005, the Province of Ontario added the Global Adjustment to electricity consumers' bills in order to stabilize the price of electricity from specified electricity generation and other initiatives. Owing to the large increase in these electricity initiatives, the amount of the Global Adjustment has continued to increase despite the hourly price in Ontario remaining low. This has and continues to cause confusion in the electricity marketplace among various classes of consumers.

GLOBAL ADJUSTMENT INITIATIVES

The Global Adjustment, formerly known as the Provincial Benefit, was introduced into Ontario's electricity program in January 2005 to ensure reliable, sustainable and diverse supply of power at stable, competitive prices.

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