What's new newsletter

The OEB has launched the Vulnerability Assessment and System Hardening (VASH) project in relation to the OEB’s Distribution Sector Resiliency, Responsiveness and Cost Efficiency initiative. The VASH project has been initiated to address the ask from the Minister of Energy (now Energy and Electrification) to develop and implement policies to improve distribution sector resiliency in response to the challenges posed by climate change.

The OEB has posted Price Comparison templates for Natural Gas Contracts for Enbridge and EPCOR valid from July 1 - September 30, 2024.

The OEB has approved changes to the prices Enbridge and EPCOR will charge its customers for natural gas effective July 1, 2024.

The OEB has issued a letter on the inflation factors to be used to set rates for certain electricity transmitters and electricity and natural gas distributors for 2025.

The OEB has updated Chapter 3 of the Filing Requirements for 2025 rate applications, adding references to Non-Wires Solutions Guidelines in the sections relating to the Lost Revenue Adjustment Mechanism Variance Account and the Incremental Capital Module.

The OEB has released an updated variance settlement factor that is to be used by electricity distributors to calculate a one-time credit or charge for consumers who choose to stop purchasing electricity through the Regulated Price Plan. This factor is called the "Final RPP Variance Settlement Factor" and is updated on the OEB website monthly.

The OEB has updated its Handbook to Electricity Distributor and Transmitter Consolidations: Rate-making Considerations and Filing Requirements for Consolidation Applications. The 2024 Handbook reflects updates on OEB policies and filing requirements applicable to consolidations as well as rate-making considerations, accounting and other matters related to consolidating utilities.

Application of these policies will create a more predictable regulatory environment for applicants that are considering consolidation, thereby facilitating planning and decision-making, while assisting applicants in determining the value of consolidation transactions.

The OEB has released its Innovation Sandbox Annual Report, reflecting major developments from last year including the launch of the Innovation Sandbox Challenge and the issuance of the OEB's Innovation Handbook. The OEB is also holding a webinar next month to provide stakeholders an overview of the report and offer an opportunity to address any questions related to it.

The OEB has published the 2024 Quarter 3 prescribed accounting interest rates applicable to the carrying charges of deferral, variance and construction work in progress (CWIP) accounts of natural gas utilities, electricity distributors and other rate-regulated entities.

The OEB has issued a draft update to its Accounting Guidance Related to Commodity Pass-Through Accounts 1588 & 1589, resulting from the Independent Electricity System Operator’s (IESO) Market Renewal Program (MRP).