Medium and Large Commercial Rates

Your electricity bill is made up of delivery charges, distribution charges, regulatory charges and electricity charges. Below are our current electricity rates for medium and large commercial customers. See Glossary of Terms for more details. 

 


 

Electricity Rates

The cost for the electricity you used during the billing period.

  • Higher volume consumers (medium and larger businesses) who buy their electricity from Waterloo North Hydro pay hourly or weighted average market prices. Market prices are set hourly by the Independent Electricity System Operator. You will also have to pay your share of the Global Adjustment for each month.
  • Customers who have signed an retail contract with an electricity retailer will pay a contract rate. Retail contracts are often for a fixed price over a set number of years. You will also have to pay your share of the Global Adjustment for each month.
  • Rates
    • Accounts with interval type meters (records hourly consumption) pay a market hourly rate + or *. (HOEP). Visit IESO web site at www.ieso.ca for current and historical hourly (HOEP) rates
    • Accounts without interval meters pay a weighted average market rate+. Contact Waterloo North Hydro for details.

 

Delivery Charges

The cost of delivering electricity from generating stations across the Province to your home or business via the high voltage (transmission) and low voltage (distribution) electricity systems. All the charges on this line of the bill are approved by the ONTARIO ENERGY BOARD. Some of the charges are fixed at a set amount per month. Others are variable and increase or decrease depending on the amount of electricity you have used. View a breakdown of Delivery Charges.

Please note new delivery rates effective January 1, 2017. For previous rates please see our Historical Rate Cards.

Non-interval metered accounts with average monthly demand between 50 - 199 kW

Price

Distribution Service Charge

$121.29 per month

Distribution Usage Charge

$5.2197  per kW

OEB Regulated Rate Riders

($1.1772) per kW

OEB Global Adjustment Rider - non-RPP customers

$0.0024 per kWh

Line Transformation Connection

$0.7828 per kW

Network Service

$2.6388 per kW

Interval metered accounts with average monthly demand between 200 - 999 kW 

 Price

Distribution Service Charge

$121.29 per month

Distribution Usage Charge

$5.2197  per kW

OEB Regulated Rate Riders

($1.1772) per kW

OEB Global Adjustment Rider - non-RPP customers

$0.0024 per kWh

Line Transformation Connection

$0.9777 per kW

Network Service

$2.8028 per kW

Interval metered accounts with average monthly demand between 1000 - 4999 kW 

 Price

Distribution Service Charge

$121.29 per month

Distribution Usage Charge

$5.2197  per kW

OEB Regulated Rate Riders

($1.1772) per kW

OEB Global Adjustment Rider - non-RPP customers

$0.0024 per kWh

Line Transformation Connection

$0.9767 per kW

Network Service

$2.7991 per kW

Interval metered accounts with average monthly demand greater than 5000 kW 

 Price

Distribution Service Charge

$7,087.33 per month

Distribution Usage Charge

$4.1764  per kW

OEB Regulated Rate Riders

($1.7964) per kW

Line Transformation Connection

$0.9811 per kW

Network Service

$3.1032 per kW

Back to top


 

Regulatory Charges

This charge includes:

  • Wholesale Market Service Charge: A charge to cover the cost of services provided by the Independent Electricity System Operator (IESO) to operate the wholesale electricity market and maintain the reliability of the high voltage power grid. It also covers the administration costs of the Ontario Power Authority (OPA) and certain costs incurred by Waterloo North Hydro to connect renewable generation. The Wholesale Market Service Charge is set by the ONTARIO ENERGY BOARD to allow these costs to be passed on to consumers.
  • Standard Supply Service - Administration Charge: A charge to cover a portion of Waterloo North Hydro's administrative costs to provide electricity to Standard Service Supply customers that purchase their electricity from the utility (i.e. customers that are not served by a retailer). This charge is set by the ONTARIO ENERGY BOARD and is the same for all utilities across the province.

Medium Commercial

Price

Wholesale Market Charge

$0.0039 per kWh*

Standard Supply Service Administration Charge

$0.25 per month

Larger Commercial

Price

Wholesale Market Charge

$0.0039 per kWh* + Class A Price (See Global Adjustment)

Standard Supply Service Administration Charge

$0.25 per month

* A line loss adjustment factor of 1.0362 is applied to these charges.

Back to top


 

Debt Retirement Charge (DRC)

This charge is set by the Ontario Ministry of Finance and is used by the government to pay down the residual stranded debt of the former Ontario Hydro. The rate is $0.007 per kWh.


 

Global Adjustment

If you purchase electricity from a retailer or based on market pricing, you will see a separate line item on your bill for the "Global Adjustment". The Global Adjustment accounts for differences between the market price of electricity and the regulated or contract prices paid to generators for the electricity they produce. These include nuclear, gas-fired and renewable generators (like wind farms) that have contracts with the Ontario Power Authority (OPA) and generators that have contracts with the Ontario Electricity Financial Corporation (OEFC), as well as Ontario Power Generation's "baseload" generating stations that operate at or near capacity all the time to meet basic demand. The ONTARIO ENERGY BOARD does not set or approve the amounts paid by the OPA or OEFC to contracted generators, but it does set the amounts that are paid to Ontario Power Generation for electricity generated by its baseload facilities.

The Global Adjustment also includes the cost of OPA conservation and demand management programs. Those costs are not subject to ONTARIO ENERGY BOARD approval. Also covered by the Global Adjustment are any ONTARIO ENERGY BOARD-approved costs incurred by utilities to achieve their mandatory conservation and demand reduction targets.

The Global Adjustment is calculated monthly by the IESO. Because a large portion of the Global Adjustment is calculated as the difference between the market price and regulated or contracted generation prices, it can be either a credit or a charge to consumers depending on fluctuations in the market price. However, it has been a charge since 2006. Visit IESO web site at www.ieso.ca for current and historical rates +

Medium Commercial

Price

Published monthly by the IESO for Class B customers

$ per kWh +

Larger Commercial

Price

IESO calculates an amount for Class A customers based on the customers historical peaks coincident with the five annual provincial peaks

Back to top


 

Miscellaneous Charges

Below is a chart of miscellaneous charges and prices that you may see on your bill:

Miscellaneous Charges

Prices

Account Set Up Charge

$30.00

Credit Reference/Credit Check

$15.00 plus credit bureau fees

Meter Dispute Charge plus Measurement Canada Fees

$30.00 (if meter found correct)

Easement Letter

$15.00

Duplicate Invoices for Previous Billings

$15.00

 Income Tax Letter  $15.00

Late Payment - per month

1.5 %

Late Payment - per annum

19.56 %

Returned Cheque Charge

$15.00 plus bank fees

Notification Charge

$15.00

Disconnect/Reconnect at meter - regular hours

$65.00

Disconnect/Reconnect at meter - after hours

$185.00

Specific Charge for Access to the Power Poles - per pole per year

$22.35

Back to top


 

Electricity Retailers

For more information please visit our Electricity Retailers Page.

Back to top


Current Rate Card

View Medium and Large Commercial Rate Card effective January 1, 2017

Back to top


Historical Rate Cards

View Medium and Large Commercial Rate Card effective January 1, 2016

View Medium and Large Commercial Rate Card effective May 1, 2015

View  Medium Commercial Rate Card effective May 1, 2014

View  Large Commercial Rate Card effective May 1, 2014

Back to top