Applications

 

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.  The mechanistic increase is determined by taking the Price Escalator, set by the Ontario Energy Board, and subtracting the Productivity Factor (0% applied to all distributors) and stretch factor. The stretch is assigned each year based on a three-year average of actual expenses less predicted costs. The table below shows the percentages below or above costs and the stretch factor that would be applied.  

 For rates effective January 1, 2021 Grimsby Power will have a stretch factor of 0% applied.

Stretch Factor Applied
25% below cost 0%
10% - 25% below cost 0.15%
Within 10% of cost 0.30%
10% - 25% above cost 0.45%
25% above cost 0.60%

 

Rate Application - Rates Effective January 1, 2021

Tariff of Rates and Charges Effective January 1, 2021 

 

Rate Application - Rates Effective January 1, 2020

Tariff of Rates and Charges Effective January 1, 2020

 

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WHAT'S NEW?

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Starting January 1, 2021, a portion of renewable energy contract costs will be funded by the Ontario government instead of electricity customers. This will lower electricity bills for large and mid-sized commercial and industrial consumers who do not participate in the Regulated Price Plan (RPP) or receive the Ontario Electricity Rebate (OER) by reducing Global Adjustment (GA) costs. Class A consumers could see savings of about 15 per cent on their bills, while non-RPP Class B consumers could see savings of about 16 per cent on their bills*. Actual savings will vary depending on customers’ location and electricity consumption. RPP customers who receive the OER, such as residential, small business and farm consumers, will receive an adjusted rebate percentage starting January 1, 2021, to keep the average residential bill flat compared to November 2020. For a temporary period of 28 days starting January 1, 2021, all RPP customers, including those paying both time-of-use and tiered rates, will also benefit from being billed at the off-peak rate for 24 hours a day, seven days a week. *In 2021, Class A and Class B consumers could see savings of about 11% and 12%, respectively, due to the Global Adjustment (GA) deferral repayment in effect for 12 months starting January 2021.

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Reduction in Global Adjustment
on Jan 11, 2021

Starting January 1, 2021, a portion of renewable energy contract costs will be funded by the Ontario government instead ...

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Time of Use & Tiered Pricing Effective Feb 23 - Apr 30, 2021
on Feb 23, 2021

Effective February 23, 2021 The following Time of Use and Tiered Prices are in effect: Off Peak - 8 ...

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Approved Rate Change Effective January 1, 2021
on Dec 16, 2020

On August 17, 2020, Grimsby Power filed an IRM application with the Ontario Energy Board (OEB) for rates effective Janua ...

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Fixed 8.5¢/kWh Electricity Pricing Effective January 1 – February 22, 2021
on Feb 16, 2021

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Customer Choice - Effective November 1, 2020 Customers Can Opt Out of Time-of-Use Pricing
on Oct 13, 2020

Effective November 1, 2020 customers paying electricity based on Time-of-Use rates, On, Mid and Off peak, can opt out of ...

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Go Paperless to Support GBF
on Jul 31, 2020

Together we can do more. Grimsby Power is asking its customers to help those in need by switching to e-billing.

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Rate Change Effective January 1, 2021
on Sep 2, 2020

Grimsby Power has applied to the Ontario Energy Board for a change in rates effective January 1, 2021 ...

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COVID-19 Energy Assistance Program (CEAP)
on Jul 13, 2020

CEAP provides a one time, on-bill credit to eligible residential electricity customers.

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