Upper Canada Transmission, Inc. (operating as NextBridge Infrastructure, LP) has applied for approval of its rates and other charges to transmit electricity in Ontario.
Upper Canada Transmission, Inc. has applied to the Ontario Energy Board for approval of the revenue it proposes to earn in year 2022 and to increase transmission rates effective April 1, 2022, to recover this revenue. If the application is approved as filed, the monthly bill of a typical residential and general service customer would increase by the following amounts:
|Residential 750 kWh $0.35 per month||$0.35 per month|
|General Service less than 50 kW (2,000 kWh)||$0.75 per month|
Upper Canada Transmission, Inc. has requested recovery of construction costs and previously approved development costs for the transmission line which runs from Wawa to Thunder Bay. These costs underpin the requested revenue Upper Canada Transmission, Inc. seeks to recover.
Upper Canada Transmission, Inc. has also applied for approval of a rate-setting mechanism to set the revenue for each of the years from 2023 to 2031. The proposed rate-setting mechanism is an annual formulaic adjustment that is tied to inflation and factors intended to promote efficiency.
Any change to the provincial transmission rate will cause a change to the delivery line on all electricity bills for all electricity customers in Ontario – both residential and business.
It is important to review the application carefully for a complete list of approvals.