Corp Comm Connects


8% government rebate on electricity bills effective January 1


Rebate will more than offset PowerStream customer distribution rate increase

Marketwired.com
Jan. 4, 2017

A Government of Ontario rebate, equivalent to the eight per cent provincial portion of the Harmonized Sales Tax (HST) found on electricity bills, will more than offset a PowerStream distribution rate increase that came into effect on the same day, January 1, 2017.

The distribution rate increase, approved by the Ontario Energy Board, was required to cover costs for equipment replacements and improvements to the distribution system within PowerStream's service territory.

The eight percent provincial rebate will save a typical PowerStream residential customer $10.45 per month and when combined with the distribution rate increase, will result in a net reduction of $6.24 on the monthly bill. A typical small business customer will see a savings of $27.85 per month with the increase in distribution rates resulting in a net reduction of $18.88 on a monthly bill.

QUOTES

BACKGROUND