New Summer Electricity Prices Take Effect May 1

April 2017

The OEB announced new electricity commodity prices for those customers who buy their electricity from their local utility. The new prices reflect certain rate mitigation measures resulting in lower prices. For time-of-use prices, off-peak decreases by 1.0 cents/kWh, mid-peak by 1.9 cents and on-peak by 2.3 cents. The lower prices reflect a portion of the bill reduction announced in the proposed Fair Hydro Plan.  

IESO Issues April 2017 to September 2018 Outlook

April 2017

In its most recent 18-month outlook, the IESO says annual energy demand is expected to increase slightly in 2017 with economic and demographic growth pushing up demand more than conservation and increased embedded generation reduce it.

Ontario Government Announces Results of First Cap and Trade Auction

April 2017

The provincial government announced the results of its first auction of greenhouse gas emissions allowances. The auction was held on March 22, 2017.

Provincial Government Announces Ontario Fair Hydro Plan

March 2017

On March 2, the provincial government unveiled its Ontario Fair Hydro Plan.  Starting in the summer of 2017, electricity bills for residential customers are to be lowered by 25% on average.  The plan includes other measures and the government notes that all measures include the 8% rebate introduced in January.  As part of the plan, rate increases over the next four years are to be held to the rate of inflation for all electricity customers.    

Ontario Government Unveils Its Climate Change Action Plan

June 2016

The provincial government released its 5-year plan to fight climate change, reduce greenhouse gas pollution and transition to a low-carbon economy.

Ontario Government Passes Cap and Trade Legislation

May 2016

The provincial government passed the Climate Change Mitigation and Low-Carbon Economy Act. The cap and trade program is scheduled for implementation at the beginning of 2017. The cap and trade regulations that go with the legislation have been finalized and come into force on July 1, 2016.

Monitoring Report of Market Surveillance Panel Issued

May 2016

The OEB released the latest monitoring report from the Market Surveillance Panel. The report examines the IESO-administered electricity markets for the period November 2014 to April 2015.

New Summer Electricity Prices for May 1

April 2016

The OEB has set new time-of-use electricity commodity prices effective May 1. All prices increase with off-peak prices increasing by 0.4 cents/kWh, mid-peak by 0.4 cents and on-peak by 0.5 cents.

IESO Issues April 2016 to September 2017 Outlook

March 2016

In its latest outlook for the reliability of the Ontario electricity system, the IESO indicates that over the period April 2016 to September 2017 approximately 1,400 MW of new supply will be added to the transmission grid: 950 MW of wind, 300 MW of gas and 140 MW of solar generation.

OEB Initiates Consultation to Develop Regulatory Framework for Natural Gas Distributors' Cap and Trade Compliance Plans

March 2016

The OEB is conducting a consultation to develop a regulatory framework to guide its assessment of the natural gas distributors' cap and trade compliance plans. The target date for completion of the framework is October 2016. The OEB notes that the design of the Ontario cap and trade program is not the subject of the consultation.