Ontario Fair Hydro Plan charge type replacement
July 13, 2017
Please note that charge type 142, Regulated Price Plan (RPP) Settlement Amount, has been replaced with charge type 1142, Ontario Fair Hydro Plan Eligible RPP Consumer Discount Settlement Amount. This change is effective on the June 30, 2017 Preliminary Settlement Statements (PSS) and the June 2017 invoices, which will both be issued on Monday, July 17, 2017.
For Local Distribution Companies (LDCs), the settlement will depend on the values submitted via on-line settlement forms “Regulated Price Plan vs. Market Price – Variance for Conventional Meters”, “Regulated Price Plan vs. Market Price – Variance for Smart Meters” and “Regulated Price Plan – Final Variance Settlement Amount”.
For eligible IESO market participants, the settlement of the new charge type 1142 replaces charge type 142. For the June 30, 2017 PSS, the settlement will be based on the Ontario Fair Hydro Plan (OFHP) – adjusted RPP rates posted by the Ontario Energy Board (OEB) on April 20. For the period of July 1, 2017 to April 30, 2018, the settlement will use the OFHP-adjusted RPP rates posted by the OEB on June 22.
The applicable tax for charge type 1142 is 13%.