On May 1, the Ontario government announced they are deferring a portion of Global Adjustment (GA) charges for C&I electricity customers who do not participate in the Regulated Price Plan (RPP), starting from April 2020. The government intends to keep this relief in place to the end of June 2020, subject to necessary extensions and approvals to implement this initiative.
The GA rate for smaller C&I customers (i.e., Class B) will be set at 11.5 cents per kilowatt-hour, which is roughly in line with the March 2020 value. Large C&I customers (i.e., Class A) will receive the same percentage reduction in GA charges as Class B customers.
This will provide immediate financial support for companies when they need it most: as they do their part to contain COVID-19 and as they prepare to help get our economy moving again.