On Nov 10, the Ontario Energy Board (OEB) issued a final ruling on implementing the OEB’s March 12, 2015 Decision (2015 Decision) to eliminate the Hydro One Networks Inc. seasonal distribution rate class. The 2015 Decision found that the Hydro One seasonal class was to be eliminated and existing seasonal class customers were to be moved to one of three Hydro One residential rate classes according to their density.
This Decision and Order (Decision) establishes the approach that will be used to achieve the elimination of the seasonal rate class and the timing for doing so.
The OEB approves Hydro One’s proposed Option 2A for the implementation of the 2015 Decision, effective January 1, 2023. Option 2A involves the phase-in of bill impacts over a period of 10 years beginning January 1, 2023 in order to limit the total bill increase for affected seasonal customers, including those with low average monthly consumption, to 10% per year.
All adjustments to be made as a result of this Decision shall be made on a prospective basis only, with no retroactive adjustments.