This month, when I received my electricity bill there was a "propaganda sheet" with it explaining the Hydro "rebates" I would be receiving because I live in a rural area. So I decided to look into this amazing effort by government and Hydro.
On this insert it states everyone is to receive an 8% H.S.T. rebate. And then below that was the "Regulatory Charges … increasing."
Now wait a minute, in actuality, a rural residential customer won't be saving the 8% because its been added to the Regulatory line. Tricky isn't it? They give you the 8% H.S.T. and then in the next breath add 8% onto the Reg Charges. And what are these Regulatory Charges?
That's another trick. On the Hydro website it says it "includes the cost of services required to operate the electricity system and run the wholesale market," not what the propaganda says. It states that the "Regulatory Charge" is "to fund the rural…rate protection program." But what is the "wholesale market" got to do with rural rates? This is for the Global Adjustment charges.
And what are the "Global Adjustment Charges"? It's to cover the "costs for providing generating capacity and Conservation & Demand Management programs across the province. This includes: non-utility generator contracts, regulated nuclear generation, Renewable Energy Standard Offer Programs, Feed-In Tariff programs (Samsung/Korea), Independent Electricity System Operators contract adjustments and other programs." What they didn't tell you is we ALSO have the "Ontario Electricity Financial Corporation" (OEFC).
The OEFC is one of five entities established by the Electricity Act, as part of the restructuring of the former Ontario Hydro which was restructured into OPG, Hydro One, the Independent Electricity System Operator (IESO), the Electrical Safety Authority and OEFC. What happened to just Hydro One and OPG?
So now let's look at what this means. We will be paying, once the gas peaker plant goes into Napanee, $13.7 million per month, or approx. $165 million a year just for 1 plant, to sit there and do nothing. And don't forget about the carbon tax that's going to be on everything?
Elizabeth F. Marshall