Regulated Price Plan - Electricity Prices for Eligible Consumers Announced

Originally published March 11, 2005

Another significant component of Ontario’s electricity market restructuring was announced today by the Ontario Energy Board ("OEB"). The announcement details the terms and prices of the Regulated Price Plan ("RPP"). Following on the Ontario Government’s announcements and legislative amendments which change how electricity prices are to be determined through a hybrid approach of regulated, contract and market inputs, today’s announcement spells out how such overall electricity commodity costs will be applied to a particular class of consumers –"Eligible Consumers".

Who is an Eligible Consumer?

The Ministry of Energy has determined that eligible consumers who qualify for the RPP will include: residential consumers, municipalities, universities, colleges, schools, hospitals, farms and consumers whose annual electricity usage is 250,000 kWh or less annually ("Eligible Consumers").