Toronto Hydro Global Adjustment

Most customers with monthly demand greater than 50 kw pay the wholesale electricity price and global adjustment charge.

Toronto hydro global adjustment. The class b rate will not exceed 115mwh. Customers with interval meters are charged the hourly ontario energy price hoep. Global adjustment is incorporated into time of use and tiered rates and will not be seen as a line item on the electricity bills of small customers of distributors also known as local distribution companies or utilities. Most electricity generating companies get a guaranteed price for the electricity that they produce.

The global adjustment ga is the component that covers the cost of building new electricity infrastructure in the province maintaining existing resources as well as providing conservation and demand management programs. Global adjustment estimates and actual rates the 1st 2nd estimate and actual rates for class b customers are posted below in mwh. At toronto hydro we take pride in powering our city and are committed to maintaining a safe and reliable electricity distribution system during this unprecedented time. Learn more about the rate changes.

A product of ontarios 2009 green energy act the global adjustment fee is a charge billed to all hydro customers in the province. Toronto hydro received authorization from the ontario energy board oeb to implement changes to its delivery charge effective march 1 2020. It also reflects the costs of conservation and demand management programs by both the ieso and toronto hydro. Hoep is only one part of the total commodity cost for electricity.

The global adjustment is the difference between that guaranteed price and the money the generators earn in the wholesale marketplace. To provide immediate temporary relief on electricity bills the ontario government has deferred a portion of global adjustment charges starting from april 2020. All ontario electricity customers pay for global adjustment. Toronto hydro owns and operates an electricity distribution system that delivers electricity to 768000 customers in canadas largest city.

For mid sized and large businesses as well as residential and business consumers on retail contracts the global adjustment will appear as a separate line on their electricity bill. As the covid 19 pandemic continues to evolve well continue to serve our customers while protecting the health and safety of our employees and our community. Global adjustment accounts for the differences between the market price of electricity and the rates paid to regulated and contracted generators for the electricity they produce. For major manufacturers and large businesses the fee appears.