THE GLOBAL ADJUSTMENT
What is the Global Adjustment?
A competitive market sets the price of electricity generated in Ontario. Certain generators receive payments through regulation or contracts that differ from the market price. Your portion of the net adjustment arising from these different payments is know as the Global Adjustment.
The Global Adjustment is a “true-up mechanism” designed to ensure the price billed for electricity is the true cost of electricity.
What is the reason for this?
Under Bill 100 there is a mix of power produced by Ontario Power Generation (OPG) "heritage assets" contracted at a set price. Heritage assets or “baseload” include nuclear generators and some hydroelectric generators. Other OPG assets and Non-Utility generators are based on a variable competitive pricing scheme. The Global Adjustment is designed to more accurately reflect the financial architecture for this hybrid electricity system following the passage of Bill 100, the Electricity Restructuring Act, 2004.
Who does it apply to and when?
The Global Adjustment appears on
bills for those customers who pay the spot market price for electricity, or for those customers who purchase their electricity through an energy retailer.
How is the Global Adjustment calculated?
The Global Adjustment is calculated by multiplying the line loss Adjusted Consumption figure appearing on your bill by the current Global Adjustment rate. The rate is set by the Independent Electricity System Operator (IESO) each month. Depending on market prices, the Global Adjustment could either be a credit or a charge.
Waterloo North Hydro Inc.
526 Country Squire Road
PO Box 640
Waterloo, Ontario, N2J 4A3
Phone: 519-886-5090
Employment Opportunities
General Inquires:
Customersupport@wnhydro.com
Phone: 519-885-6840
Fax: 519-746-0133
Engineering Inquiries:
eclerk@wnhydro.com
Phone: 519-888-5552
ECRA/ESA LICENCE 7004206
Standard Business Hours:
8:30am - 4:30pm (Monday - Friday)
Emergency Hours:
24 hours a day, seven days a week
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