Electricity Act, 1998: Gross Revenue Charge on Hydro-Electric Generating Stations
Regulation - Minister
Bill or Act:
Electricity Act, 1998
Summary of Decision:
The Regulation was approved on January 20, 2010.
February 4, 2010
Summary of Proposal:
The regulation sets the proxy price annually at $40,000 per gigawatt-hour. The amended regulation removes the end date for the proxy price, continuing the proxy price at $40,000 per gigawatt-hour and removing the need for annual amendments to the regulation to set the fixed proxy price annually to calculate gross revenue. It also eliminates in-year instalment payments for the Gross Revenue Charge for very small generators and includes other administrative amendments.
Ronald Kwan, Director
Electricity Finance Branch,
Corporate and Electricity Finance Division,
Ontario Financing Authority,
1 Dundas Street West, Toronto, ON
January 1, 2010