What's new newsletter

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 published the 2021 Quarter 4 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. There is no change to the prescribed rates for 2021 Quarter 4.

The OEB has accepted an Assurance of Voluntary Compliance from Parkbridge Lifestyle Communities Inc. The Assurance responds to non-compliance related to electricity bills issued based on individually metered usage without a unit sub-meter licence as required by the OEB.

The OEB has released the 2020 Yearbooks of Electricity and Natural Gas Distributors. The Yearbooks provide interested parties and the general public with financial and operational information collected from distributors.

The Province of Ontario has recently appointed Curt Allen, Marika Hare and Geoff Owen to the OEB’s Board of Directors. They join Chair Richard Dicerni, along with existing Board members John Knubley, Gerald Moncrief, Glenn O’Farrell and Marie Oswald. With these new members, the Board will continue its work to support the modernization of the OEB, to strengthen trust with the sector and provide strong leadership and good governance.

The Market Surveillance Panel has submitted to the OEB its Monitoring Report on Ontario's wholesale electricity market.

The OEB has posted the electricity distributors’ 2021 stretch factor assignments for the 2022 Incentive Rate Mechanism (IRM) rate-setting process. The benchmarking details and assignments are published in the Pacific Economics Group “Empirical Research in Support of Incentive Rate-Setting: 2020 Benchmarking Update" Report to the Ontario Energy Board.

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.

Consumer Alert: Beware of continuing email and online rebate scams pretending to be from or endorsed by the Ontario Energy Board

The OEB is commencing a proceeding on its own motion to consider the inflation factor to be used to set rates for electricity transmitters and electricity and natural gas distributors for the year 2022.