Blog PostNovember 7, 2019 - Industry News
Changes to Condo Hydro Rebates
The Ontario Ministry of Energy, Northern Development and Mines recently announced the introduction of the new Ontario Electricity Rebate (OER) effective November 1, 2019 for households, farms, long-term care homes, small businesses and residential multi-unit complexes, like apartments and condominiums.
The OER will replace the 8% rebate and the reduction previously provided through Regulated Price Plan (RPP) rates, as well as the Global Adjustment (GA) reduction. As a result, the Electricity line on bills will rise, the OER will provide an increased percentage rebate, and the average residential bill will increase in line with inflation.
Under the new rules, certain larger multi-unit complexes that are not primarily residential and certain types of multi-unit complexes are not eligible for the OER.
For more details you can access a Letter from the Ministry of Energy, Northern Development and Mines here.