We carefully scrutinize the performance of the energy companies we regulate.
In addition to assessing utility performance scorecard data and analyzing performance trends, our work helps to inform the decisions we make about specific energy companies and the energy system overall, and in this way enables us to protect consumers.
The main responsibilities of our audit work are grouped in the following key areas:
1. Assessing financial viability
We monitor the financial viability of the electricity and gas sectors in Ontario. This is done by analyzing, assessing and interpreting financial and other utility performance information.
2. Audit and review engagements
Professional audit standards are used when performing audits and reviews. We typically focus on quality and reliability of reported information, financial and non-financial performance and/or compliance with our legislative and regulatory requirements.
3. Reporting the results
The results of individual reviews and audits are shared in draft, to confirm accuracy, only with the audited entity. When applicable, the final report is provided to the management of the audited company for their formal response and action plan. The findings may ultimately be used as evidence in future proceedings and where findings are of a compliance nature, further investigation and enforcement action may be taken.
See the performance dashboard for your electricity utility for at-a-glance stats, including how accurate its billing is, how often the utility has been on time for scheduled appointments and how many power outages it has had.