On January 1, 2017, your electricity costs will go down by 8%.
As an effort to help people with the cost of electricity, Ontario is rebating an amount equal to the provincial portion of the HST on your monthly hydro bill. That's an 8% rebate for Ontario families, and on average will mean $130 more in your pocket each year.
The 8% rebate will be available to all residential households, farms, many small businesses and other eligible customers.
Other eligible customers will be automatically enrolled to receive this rebate if previously provided Waterloo North Hydro with a self-declaration form with an eligibility claim for OCEB and DRC. If you believe you are eligible for the rebate please complete the self-declaration form and email it to firstname.lastname@example.org.
Waterloo North Hydro will implement these savings onto your first bill in January, applied to consumption that began January 1, 2017.
What is the 8% rebate?
Ontario is reducing electricity costs by rebating an amount equal to the provincial portion of the HST (8%) on customers' hydro bill in order to relief the burden of high electricity costs and aid families, small business, and farmers.
The Ontario Rebate for Electricity Consumers Act, 2016, will reduce electricity costs by 8 per cent on the amount before tax, an average savings of about $130 annually or $11 each month, for about five million residential consumers, farms and small businesses.
How much will customers save with the rebate?
Customers will save 8% on the amount before tax; on average customers are expected to save $130 per year or $11 each month.
Do customers have to apply for the rebate?
The rebate will automatically appear on qualifying residential and small business customers' electricity bill. All other customers with consumption of <50kW who have previously submitted a self-declaration form for OCEB and DRC will also automatically get the rebate. Other >50kW customers who are eligible need to complete a self-declaration form online in order to receive the rebate.
The 8% rebate will be available to all residential households, farms, many small businesses and other eligible customers in Ontario who follows under at least one of the criteria below:
- Annual demand for electricity of 50 kilowatts or less;
- Annual consumption of 250,000 kilowatt hours of electricity or less;
- You carry on a business that is a farming business for the purposes of the Farm Registration and Farm Organizations Funding Act, 1993, and you hold a valid registration number assigned under that Act or your obligation to file a farming business registration form was waived pursuant to an order made under subsection 22 (6) of that Act;
- Your account relates to one of the following:
- a dwelling,
- a property, within the meaning of the Condominium Act, 1998,
- a residential complex, within the meaning of subsection 2 (1) of the Residential Tenancies Act, 2006, without regard to section 5 of that Act, or
- a property that includes one or more housing units and that is owned or leased by a co-operative within the meaning of the Co-operative Corporations Act.
You can find these acts on the government's e-laws website at www.e-laws.gov.on.ca
When will WNH start applying the rebate onto customers' bills?
Waterloo North Hydro has until July 1, 2017 to implement these savings onto customers' bill. However, the plan is to apply the rebate on the customers' first bill in January with consumption that began on January 1 and forward.
What's the scheduled run for the 8% rebate?
That's unknown at this time.