new Ontario Rebate for Electricity Consumers (OREC) program, which commenced on
January 1, 2017, provides financial assistance to eligible consumers in respect
of electricity costs. The rebate is equal to eight per cent (8%) of the
base invoice amount for each billing period as defined in Ontario Regulation
OREC discount for customers of a local distribution company (LDC) or a unit
sub-meter provider (USMP) will be settled directly by the LDC or USMP.
LDCs and USMPs will claim a reimbursement of the financial assistance
provided to their eligible customers on a monthly basis through the respective
IESO on-line settlement form. Although the forms will be made available on
January 18, no submissions will be accepted until February 1, which is the
first day that claims for January 2017 can be submitted. A revised guide
that contains the instructions on the online forms is available here. The OREC program will
be settled through charge type 9982.
OREC discount for eligible IESO market participants meeting the criteria of 50
KWh or less will be settled by the IESO. Market Participants who
determine that they meet the requirements for an “eligible account”, as defined
in section 1. (1) of the Act, should have their registered Authorized
Representative notify IESO Customer
eligibility as soon as possible.
For background information, you can read the Ontario Rebate for Electricity Consumers Act, 2016
and the General OREC regulation.