Global Adjustment Costs

Global adjustment covers the cost of building new electricity infrastructure in the province, as well as delivering conservation programs, to ensure enough electricity supply is available over the long term. The components making up the global adjustment are described below.

Monthly Global Adjustment by Components

The global adjustment is calculated as a total dollar amount for each month based on the difference between market revenues and the following components, broken down by fuel types and programs.

Wind

  • Includes projects under Renewable Energy Supply, Renewable Energy Standard Offer Program, and the Feed-in-Tariff program

Biomass, Landfill and Byproduct

  • Includes projects under Renewable Energy Supply, Renewable Energy Standard Offer Program, Feed-in-Tariff, recently converted OPG Atikokan and Thunder Bay facilities, and NUG contracts with the IESO

Hydro

  • Facilities with agreements through Renewable Energy Supply Program, Renewable Energy Standard Offer Program, Hydroelectric Contract Initiative, and Feed-in-Tariff programs, as well as OPG's facilities that fall under the Hydroelectric Energy Supply Agreement

Nuclear (non-OPG) and Natural Gas

  • Bruce Power nuclear and natural gas facilities including OPG’s Lennox (dual fuel)

Solar

  • Includes projects under Renewable Energy Supply, Renewable Energy Standard Offer Program, and Feed-in-Tariff program

Industrial Electricity Incentive Program

  • An incentive for eligible consumers in Ontario to increase industrial production. Eligible activities include building a new facility or expanding an existing one, that falls within a specific NAICS Canada 2012 sector

Funds and Financing

  • Includes programs supporting community groups in the design and delivery of renewable energy initiatives and also includes contract penalties received from generators

Conservation

  • Conservation programs including Save on Energy and Conservation Fund

Ontario Power Generation – Regulated Nuclear and Hydro

  • Regulated rates for OPG’s nuclear and remaining hydro generation as set by Ontario Energy Board

Ontario Electricity Financial Corporation – Non-Utility Generation

  • Contracts administered by Ontario Electricity Financial Corporation with existing generation facilities