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5/10/2017 ResidentialElectricityRatesVeridianConnections

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Rates & Charges


Residential Electricity Rates
By Ontario government mandate, residential electricity bills are
designed to present costs simply and clearly, and to identify to
consumers the un-bundled major cost components of their
residential electricity usage. In addition, consumers are presented
with a cost representing the debt of the former Ontario Hydro, which
was stranded when that organization was broken up into five
separate components in the transition to an open market for
electricity.

Electricity
Delivery
Regulatory Charges
Debt Retirement Charge

Some of these line items have more than one component. The
Delivery charges vary by region, but the other line items are the same
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for all VERIDIAN customers. Most but not all of the charges are based
The power
on your tousage
electricity make(i.e. your
kWh). community better.my.veridian

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For a detailed Tariff of Rates and Charges including specific service
charges click here .

Below is a breakdown of the calculations used to determine each of


the four line items that make up your VERIDIAN bill

Electricity Delivery Regulatory Charges Debt Retirement Charge

Electricity
Electricity represents the cost of the electricity itself. These rates
cover the cost of power purchased by VERIDIAN on your behalf, and
passed through to you without mark-up.

This part of electricity supply is subject to competition. Customers


may purchase electricity from any licensed retailer registered with
VERIDIAN.

Global Adjustment: /kWh

The price of wholesale electricity in Ontario is set by a


competitive market. Certain generators receive payments
through regulation or contracts that differ from market prices.
Customers who pay the Hourly Ontario Energy Price for
electricity or who buy electricity under contract from a licensed
retailer will see this separate line item on their bill. It allocates
their portion of the net adjustment arising from these different
payments.
The Global Adjustment rate changes each month and is

available at www.ieso.ca
Customers on the Regulated Price Plan will not have this line
item presented on the bill. For these customers, the Global
Adjustment is embedded in the fixed electricity rates that they
pay under the price plan.

Customers not enrolled with a competitive retailer are provided with


electricity at the rates shown below:

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Tiered RPP Prices:


The power to make your community better.my.veridian
9.1/kWh for electricity use up to and including 600 kWh
My per month*
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10.6/kWh
Home for electricitySafety
Business use above 600 kWh per month*
Energy Veridian
*These are the prices that appear on the electricity line of your bill.
They do not include other charges on your total bill like delivery.

Time-of-Use (TOU) Prices:

7.7/kWh Off-Peak Price


11.3/kWh Mid-Peak Price
15.7/kWh On-Peak Price

Other sources of information about electricity and rates are:

Ontario Energy Board Call Centre: 416-314-2455

Ministry of Energy: 1-888-668-4636 (toll-free)

Independent Electricity System Operator: 1-888-448-7777 (toll-free)

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