Smart Metering Charge Rebate for 2020
October 14, 2021
Electricity distributors will receive a rebate reflecting the amounts from the operating surplus of the Smart Metering Entity (SME) for the year 2020. The total amount of this rebate is $2.5M. This disbursement will be split based on the proportion of the number of smart meters installed by the Local Distribution Companies (LDCs).
The rebate will be included on the September 30 preliminary settlement statement, and September 2021 invoice, both issued on October 15. The rebate will be reflected under charge type 9980 ‘Smart Metering Charge’.
The Smart Metering Charge is levied and collected by the IESO from all LDCs identified in the OEB’s annual ‘Yearbook of Electricity Distributors’, effective January 1. This charge represents the OEB approved rate per month for residential and general service (<50kW) customers for each LDC and is applied monthly and includes the charges for the following month.