The OEB has posted an updated version of Chapter 3 of the Filing Requirements for 2024 Rate Applications. As part of these updates, OEB is providing embedded or partially embedded distributors with an annual opportunity to update the Low Voltage Service Rates as part of their incentive-rate setting (IRM) application. This notable update will allow embedded or partially embedded distributors to address some regulatory lag by matching the Low Voltage Service rates charged to their customers to the cost they have to pay to their host distributor. These rates have historically only been updated during a rebasing application (typically once every five years).