The Ontario Energy Board allows for three alternative rate-setting methods by electricity distributors: Price Cap Incentive Rate-setting (Price Cap IR), Custom Incentive Rate-setting (Custom IR), and Annual Incentive Rate-setting Index (Annual IR Index). Grimsby Power Inc. uses the Price Cap Incentive Rate-setting method to apply for rate approval. This method allows for rate rebasing every five years. In the rate rebasing year Grimsby Power submits a full Cost of Service application. In between Cost of Service applications Grimsby Power will apply for a mechanistic increase to distribution rates.
Cost of Service Application January 1, 2022
Grimsby Power has submitted a full Cost of Service application to the Ontario Energy Board with proposed rates effective January 1, 2022.
To view the application and excel models that support the application click here to go to the full application posted on the OEB's website.
The Ontario Energy Board has set electricity prices effective May 1, 2021. These prices will appear on the Electricity line of you bill and are only for the electricity you use. They do not include other charges like delivery. Time of Use prices per kilowatt hour: Off Peak – 8.2¢ Mid Peak – 11.3¢ On Peak – 17.0¢ Tiered prices per kilowatt hour: Residential Tier 1 – First 600 kWh – 9.8¢ Tier 2 – Above 600 kWh – 11.5¢ The Ontario Electricity Rebate (OER) has also changed effective May 1, 2021. Effective May 1, 2021 the OER will be 18.9%.READ ALL ARTICLES
The Ontario Energy Board has set electricity prices effective May 1, 2021 ...Learn More
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