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O. Reg. 843/21: CLASSES OF CONSUMERS AND DETERMINATION OF RATES

filed December 10, 2021 under Ontario Energy Board Act, 1998, S.O. 1998, c. 15, Sched. B

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ontario regulation 843/21

made under the

Ontario Energy Board Act, 1998

Made: December 9, 2021
Filed: December 10, 2021
Published on e-Laws: December 10, 2021
Printed in The Ontario Gazette: December 25, 2021

Amending O. Reg. 95/05

(CLASSES OF CONSUMERS AND DETERMINATION OF RATES)

1. Section 1 of Ontario Regulation 95/05 is amended by adding the following definition:

“rate year” means a period beginning on November 1 in a year and ending on October 31 of the next year; (“année de tarification”)

2. (1) Paragraph 2 of subsection 6 (1) of the Regulation is revoked and the following substituted:

2.  Subject to section 6.1, the Board shall, starting with the rate year that begins on November 1, 2022, determine separate rates for each rate year, or for such shorter time period as the Minister may direct.

2.1  Subject to section 6.1, the Board shall not determine separate rates during the period that begins on January 1, 2022 and ends on October 31, 2022, unless directed to do so by the Minister.

(2) Subsection 6 (6) of the Regulation is revoked.

3. The Regulation is amended by adding the following sections:

Exception, shorter time period for rates

6.1 (1) In this section and section 6.2,

“actual VAB” means the net balance in the RPP variance account at the end of a month, with a consumer debit balance being represented as a positive number and a consumer credit balance being represented as a negative number; (“SCE réel”)

“consumer credit balance” means a balance in the RPP variance account that represents a credit to consumers prescribed under subsection 4 (2); (“solde créditeur des consommateurs”)

“consumer debit balance” means a balance in the RPP variance account that is owed to the IESO by consumers prescribed under subsection 4 (2); (“solde débiteur des consommateurs”)

“expected VAB” means the expected balance in the RPP variance account at the end of a month, with an expected consumer debit balance being represented as a positive number and an expected consumer credit balance being represented as a negative number; (“SCE prévu”)

“forecast period” means,

(a)  in respect of rates determined by the Board that become effective at the beginning of a rate year, the rate year, and

(b)  in respect of rates determined by the Board that become effective at any time other than the beginning of a rate year, a 12-month period that commences on the effective date of those rates; (“période de prévision”)

“FTCRPP” means the total supply cost of electricity that the Board forecasts to be consumed during a forecast period by consumers to whom the rates determined in accordance with section 6 or 6.1 apply; (“CTPGTR”)

“RPP variance account” means the variance account established by the IESO pursuant to section 25.33 of the Electricity Act, 1998 in respect of consumers prescribed under subsection 4 (2) of this Regulation; (“compte d’écart de la GTR”)

“UVAB” means the unexpected variance account balance, calculated by taking the absolute value of the difference between actual VAB and expected VAB for the month. (“SCE non prévu”)

(2) Despite paragraph 2 of subsection 6 (1), the Board may determine separate rates for a shorter period of less than 12 months if, in any month in a rate year, the value of UVAB divided by FTCRPP is greater than 0.04.

(3) Any rate period that is determined in accordance with this section must end on October 31 of the current rate year.

(4) Paragraphs 1, 3 and 4 of subsection 6 (1) and subsections 6 (2) to (5) apply to the determination of rates under this section.

(5) Despite paragraph 2.1 of subsection 6 (1), the Board may determine rates in accordance with this section for any period that commences on or after January 1, 2022 and ends on October 31, 2022.

Publication of information

6.2 (1) The Board shall publish any rates determined in accordance with section 6 or 6.1 and make them available to the public before those rates come into effect.

(2) When the Board determines new rates in accordance with section 6 or 6.1, the Board shall,

(a)  determine the FTCRPP value for the forecast period in respect of the new rates and make the FTCRPP value available to the public before the new rates come into effect; and

(b)  determine the expected VAB amount at the end of each month in the forecast period and make the expected VAB amount available to the public before the new rates come into effect.

(3) Every month, the Board shall publish the actual VAB amount for the previous month on its website.

Commencement

4. This Regulation comes into force on the later of January 1, 2022 and the day it is filed.

 

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