Electricity rates increase
Customers of Brantford Power will be paying more for electricity this year.
An increase in the electricity distribution rates and other charges for all Brantford Power customers has been approved by the Ontario Energy Board. The increase came into effect Jan. 1.
For the typical residential Brantford Power customers who consume 750 kilowatt hours (kWH) of electricity per month the increase means their bill will go up 1.5 per cent or $1.60 a month. At present, the typical residential consumer pays about $105.52 a month for electricity.
The $105.52 figure applies to the typical residential customer who doesn’t purchase electricity from a retailer and who follows the Ontario Energy Board’s prescribed time-of-use consumption pattern. The prescribed pattern recommends using 65 per cent of the energy consumed during off-peak hours, 17 per cent during mid-peak hours and 18 per cent during the peak hours.
Other factors that can impact a monthly electricity bill includes support received from provincial and local social assistance programs and purchasing electricity from a retailer.
“This rate adjustment has been approved by the Ontario Energy Board to allow us to recover the ongoing costs of providing safe, high-quality and reliable services to the community of Brantford, and to renew assets and modernize our system for the future,” Paul Kwasnik president and CEO of Brantford Power Inc. said in a news release.
For general service customers such as small businesses that have a peak demand of less than 50 kilowats (kW) and that consume less than 2,000 kWh will see their monthly bill rise by 47 cents a month or 0.2 per cent.
Brantford Power delivers electricity to about 40,000 customers.
The adjusted rates cover the costs of designing, building and maintaining overhead and underground lines, poles, stations and local transformers. The rates also cover requests for day-to-day services and responding to emergencies such as power outages and are part of the “delivery” line of a customer’s bills.
Brantford Power’s distribution rates account for about 22 per cent of a typical residential customer’s bill.
Electricity rates in Ontario are regulated by the energy board on behalf of consumers.
Brantford power undergoes a cost of service review which is a public review of its projected costs every five years. In between those years, applications are submitted annually for rate adjustments to allow Brantford Power to keep up with inflation.
All rate changes must be reviewed by the energy board and are only approved if deemed by the regulator to be reasonable and fair.
To learn more about the impact of the change on the monthly bill visit www.ontarioenergyboard.ca .