COMMERCIAL AND INDUSTRIAL CUSTOMERS
Grimsby Power distinguishes between several rate classes for their commercial and industrial consumers.
For a look at how consumption for varying quantities and at different times can affect the total bill, please refer to the following link for the small business energy bill calculator. Electricity Bill Calculator for Small Business
For customers with multi-unit residential complexes or for certain large volume designated customers, there is a declaration form available which may permit Grimsby Power to extend lower tier pricing to all units.
BREAKDOWN OF CHARGES
This is the cost of the electricity supplied to customers during the billing period, and is the part of the bill that is subject to competition. Grimsby Power collects this money and pays this amount directly to their suppliers.
Customers with a contract pay the price arranged between them and their Retailer. Grimsby Power only invoices customers for the commodity price specified by the Retailer. Questions concerning the price paid should be directed to the Retailer.
We can help you keep your energy costs down. Check out the Energy Tips in the Conservation section of this website.
Grimsby Power makes no profit on the cost of the commodity, and charges a regulated price for delivering the electricity to your business. For details, refer to the Tariff Rates shown in the Regulatory section of this website.
These are the costs of delivering electricity from generating stations across the Province to Grimsby Power, and then to your home or business. This includes the costs to build and maintain the transmission and distribution lines, towers and poles, and to operate provincial and local electricity systems.
A portion of these charges are fixed and do not change from month to month. The rest are variable and increase or decrease depending on the amount of electricity that you use. The delivery charge also includes costs relating to electricity lost through distributing electricity to your home or business.
Delivery charges include:
This covers the costs involved in transmitting electricity from generators to the town.
Term Adjustment Factor: 1.0457
When electricity is delivered over a power line, it is normal for a small amount of power (approximately 5%) to be consumed or lost as heat. Equipment, such as wires and transformers, consume power before the electricity gets to the home or business. The term adjustment factor accounts for these losses.
Variable Distribution Charge:
This covers the cost of delivering electricity to your home as well as designing, building and maintaining the distribution system.
This is a charge for fixed costs that do not change with your consumption, such as for billing and smart meter administration. The customer charge is stated on a 30-day basis.
Global Adjustment Factor
A Global Adjustment factor is applied to all non-RPP customers to make up the difference between market rates for electricity and the costs required by generators and transmission components of the electrical supply network. It is calculated on a monthly basis by the IESO. If a consumer is on a retail contract, the Global Adjustment Factor applies to their bill. It is already incorporated into the RPP pricing system and is not shown separately for RPP consumers.
Regulatory Charges are set by the provincial government to recoup costs associated with providing electricity to the Ontario market.
This charge covers costs such as market regulation and the management of the system.
*Standard Supply Service (SSS) Rate: $0.25/month
* This service charge does not apply to customers who purchase their energy from a retailer.
For a full list of charges for each rate class please click here.