General Service (< 50 kW) customer bills show four line items:
Some of these line items have more than one component. The Delivery charges vary by region, but the other three line items are the same for all Veridian General Service (< 50 kW) customers. Most but not all of the charges are based on your electricity usage (i.e. kWh).
Below is a breakdown of the calculations used to determine each of the four line items that make up your Veridian bill.
This charge is for the electricity you used during the billing period. The price that you pay for electricity is dependent on your account status:
Prices effective November 1, 2017:
Tiered RPP Prices:
7.7¢/kWh for electricity use up to and including 750 kWh per month*
9.0¢/kWh for electricity use above 750 kWh per month*
*These are the prices that appear on the electricity line of your bill. They do not include other charges on your total bill like delivery.
Time-of-Use (TOU) Prices:
6.5¢/kWh Off-Peak Price
9.5¢/kWh Mid-Peak Price
13.2¢/kWh On-Peak Price
Delivery represents the costs of bringing electricity to your business, including those costs for building and maintaining the overhead and underground distribution networks. The Delivery charge has two components: Transmission – which represents the cost of moving electricity over the power grid from producers to Veridian; and, Distribution – which represents the cost of moving electricity over Veridian’s system to its customers, which varies by region:
$17.69 per month
* Your metered consumption is multiplied by an Adjustment Factor before calculating these charges. When electricity is delivered over a power line, it is normal for a small amount of power to be consumed, or lost, as heat. Equipment, such as wires and transformers, consumes power before it gets to your home or business. The adjustment factor accounts for these losses, and is applied to those charges denoted with an asterisk. Veridian’s adjustment factor is 1.0482 for most customers.
This cost category includes three components:
This charge helps to pay off the debt accumulated by the former Ontario Hydro during the time that electricity rates were fixed below the full cost of production:
Debt Retirement Charge: 0.7¢/kWh
For more information about the DRC, visit: