Hydro One Networks Inc. has applied to the Ontario Energy Board to raise its electricity distribution rates effective January 1, 2024. If the application is approved as filed, a typical residential customer and a typical general service customer of Hydro One Networks Inc. would see the following monthly increase:
|Residential 750 kWh
|General Service less than 50kW
Other customers, including businesses, may also be affected.
The requested rate increase is based on an OEB-approved custom incentive rate-setting framework for the period 2023-2027, which is tied to inflation and other factors intended to promote efficiency.
Hydro One Networks Inc. has also applied to adjust balances in Account 1588 – Retail Settlement Variance Account Power and Account 1589 – Retail Settlement Variance Account Global Adjustment. Hydro One Networks Inc. has applied to dispose of the balances in these and other Group 1 accounts.
In addition, Hydro One Networks Inc. has applied to change other miscellaneous charges.
It is important to review the application carefully to determine whether you may be affected by these changes.
If you would like to request intervenor status for this application, you can do so by completing the Intervenor Form.