IESO surplus rebate
January 12, 2017
The Ontario Energy Board (OEB) approved the IESO’s proposal to clear 2015 year-end balances and refund ratepayers $9,595,253.70 divided as follows:
Charge type 9990 “IESO Administration Charge” will be rebated $6,613,872.49 and charge type 754 “OPA Administration Charge” will be rebated $2,981,381.21.
The rebates will be pro-rated to market participants that paid these administration fees in 2015 and will be reflected as manual line item adjustments under charge type 754 “OPA Administration Charge” and charge type 9990 “IESO Administration Charge” on the December 31, 2016 settlement statement and the December invoice, which will be issued on January 16, 2017.
More details can be found on the OEB’s website in the Decision and Order (EB-2015-0275) document.