Electricity Rates
By Ontario government mandate, residential electricity bills are designed to present costs
simply and clearly, and to identify to consumers the un-bundled major cost components of
their residential electricity usage. In addition, consumers are presented with a cost
representing the debt of the former Ontario Hydro, which was stranded when that organization
was broken up into five separate components in the transition to an open market for
electricity.
Residential 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 line items are the same for all
VERIDIAN customers. Most but not all of the charges are based on your electricity usage (i.e. kWh).
If you want to learn more about your bill and what each
item means,
click here.
For a detailed 'Tariff of Rates and Charges' including specific service charges click here. |
Below is a breakdown of the calculations used to determine each of the four line items
that make up your
VERIDIAN bill.
Electricity represents the cost of the electricity itself. These rates cover the cost of
power purchased by
VERIDIAN on your behalf, and passed through to you without mark-up.
This part of electricity supply is subject to competition. Customers may purchase
electricity from any licensed retailer registered with
VERIDIAN. Customers not enrolled with a competitive retailer are provided with
electricity at the rates shown below:
Prices effective November 1, 2011:
Tiered RPP Prices:
7.1¢/kWh
for electricity use up to and including 1000 kWh per month*
8.3¢/kWh
for electricity use above 1000 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:
6.2¢/kWh
Off-Peak Price
9.2¢/kWh
Mid-Peak Price
10.8¢/kWh On-Peak Price
Delivery represents the costs of bringing electricity to your home, 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:
Transmission Charge:*
- This covers the costs involved in transmitting electricity from
generators to VERIDIAN.
0.88¢/kWh in Ajax, Belleville, Brock, Clarington,
Pickering, Port Hope, Port Perry and Uxbridge
0.86¢/kWh in Gravenhurst
Distribution Charge:
- This covers the cost of delivering electricity to your home, including
expenses for construction and maintenance of overhead and underground
distribution networks.
1.17¢/kWh in Ajax, Belleville, Brock,
Clarington, Pickering, Port Hope, Port Perry and Uxbridge
2.52¢/kWh for 'Residential Urban Year - Round' class
customers in Gravenhurst
2.89¢/kWh for 'Residential Suburban Year - Round'
class customers in Gravenhurst
3.96¢/kWh for 'Residential Suburban Seasonal' class
customers in Gravenhurst
Customer Charge:
- This is a charge for VERIDIAN'S costs of
maintaining customer relationships, i.e., the costs that don’t change with the
consumption of electricity, such as meter reading and billing, stated monthly.
$12.26 per month - Ajax, Belleville, Brock, Clarington,
Pickering, Port Hope, Port Perry and Uxbridge
$11.10 per month - for 'Residential Urban Year - Round'
class customers in Gravenhurst
$17.60 per month - for 'Residential Suburban Year - Round' class
customers in Gravenhurst
$27.70 per month - for 'Residential Suburban Seasonal' class
customers in Gravenhurst
This cost category includes two components: The Wholesale Market Service Charge
– which covers market regulation and the management of the Ontario electrical system, plus
rate protection for rural customers; and, the Standard Supply Service (SSS) Charge –
covering administration costs for customers purchasing electricity under the Regulated Price
Plan or at market prices:
Wholesale Market Service Charge:* 0.65¢/kWh
Standard Supply Service (SSS) Rate:** 25¢ per month
Special Purpose Charge:* 0.0373¢/kWh
** Does not apply to customers who purchase their electricity from a registered retailer.
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:
* 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 1.0442 for most customers in Ajax, Belleville,
Brock, Clarington, Pickering, Port Hope, Port Perry and Uxbridge ; 1.1013 for most
customers in Gravenhurst.
Other sources of information about electricity and rates are:
Energy Board Call
Centre: 416-314-2455
Ministry of
Energy: 1-888-668-4636 (toll-free)
Independent Electricity
System Operator (IESO): 1-888-448-7777 (toll-free)
|
