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The province is also working with the Ontario Energy Board to develop the new Ontario Electricity Support Program to help make electricity more affordable for low-income families. After Dec. 31, 2015, eligible low-income Ontarians could expect to receive similar relief as currently provided by the Ontario Clean Energy Benefit.
Quick Facts
-- The DRC would remain on all other electricity users’ bills, including large industrial users, until the residual stranded debt is retired – this is estimated to occur by the end of 2018, which is in line with the previously estimated date range published in the 2013 Ontario Economic Outlook and Fiscal Review.
-- Families with an annual income of $20,000 spend eight per cent of their income on electricity while families with an annual income of $100,000 or more spend less than two percent.
-- As noted in Achieving Balance, OntarioÂ’s 2013 Long-Term Energy Plan, the province has undertaken a number of recent initiatives to mitigate electricity rate increases, including reducing Feed-In Tariff prices, amending the Green Energy Investment Agreement, negotiating new contracts with Non-Utility Generators with expiring contracts only if needed by the power system, introducing wind dispatch, deferring new build nuclear, and moving forward with early coal closure at Lambton and Nanticoke.
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