OCEB rebate coming to Veridian customers

subscribe

Veridian customers will be among the first in Ontario to start receiving a 10 per cent rebate on electricity bills when its regularly scheduled invoices are issued.

The rebate, called the Ontario Clean Energy Benefit OCEB, is an Ontario government initiative intended to help customers manage the rising cost of electricity for the next five years.

The OCEB will provide a 10 rebate on most components of a customer's total electricity bill, including electricity costs, regulatory and delivery charges, the debt retirement charge and taxes. It will apply to charges relating to electricity consumed from January 1, 2011 to December 31, 2015. Those eligible for the OCEB include residential, farm and small business consumers.

Once the benefit is fully implemented, an average Veridian residential customer using 1,000 kWh will see a reduction of about $13 per month.

"The Ontario Clean Energy Benefit will provide some much-needed financial relief to Veridian customers on their electricity bills," said Rob Scarffe, Veridian's Executive Vice-President of Customer Services. "The benefit, combined with conservation and demand management programs and time-of-use electricity pricing, will help our customers better manage their electricity costs and support the province's transition to a cleaner electricity system."

The OCEB will be shown as a separate line item on electricity bills. The line item will be labelled as "Ontario Clean Energy Benefit -10".

Scarffe points out that the initial rebate amounts will be less than 10 of total electricity charges, as invoices issued during the first several weeks of 2011 will cover billing periods that include consumption during late 2010. "Customers will see the full impact of the rebate on bills issued after about mid-March," he said. "Until that time, most customer bills will include charges related to pre-January 1st, 2011 consumption, to which the Ontario Clean Energy Benefit does not apply."

Related News

bangkok electric train

Power bill cut for 22m Thailand houses

BANGKOK - The Thailand cabinet has formally approved energy authorities' decision to either waive or cut electricity charges for 22 million households where people are working at home because of the coronavirus disease.

Energy Minister Sontirat Sontijirawong said after the cabinet meeting on Tuesday that the ministers acknowledged the step taken by from the Energy Regulatory Commission, the Electricity Generating Authority of Thailand, the Metropolitan Electricity Authority and the Provincial Electricity Authority.

The measure would be valid for three months, from March to May, and cover 22 million households. It would cost the state 23.68 billion baht in lost revenue, he said.

READ MORE
Trump's Pledge to Scrap Offshore Wind Projects

Trump's Pledge to Scrap Offshore Wind Projects

READ MORE

hydro one logo

Hydro One, Avista to ask U.S. regulator to reconsider order against acquisition

READ MORE

RBC agrees to buy electricity from new southern Alberta solar power farm project

READ MORE

PGE logo

Poland’s largest power group opts to back wind over nuclear

READ MORE