Hydro Ottawa Limited

Hydro Ottawa Limited

April 12, 2007 14:03 ET

Hydro Bills to Go Down Slightly: Hydro Ottawa Receives OEB Decision on 2007 Rates

OTTAWA, ONTARIO--(CCNMatthews - April 12, 2007) - Hydro Ottawa Limited has received a decision from its provincial regulator, the Ontario Energy Board (OEB), for new rates resulting from the company's application filed in January 2007.

Hydro Ottawa's distribution rates will increase slightly, mainly as a result of activities to carry out the Province of Ontario's Smart Meter initiative. At the same time, the OEB announced a decrease in the commodity price of electricity of 0.2 cents per kilowatt hour, or 3.3%. Both changes go into effect May 1, 2007. In total, these adjustments are expected to decrease electricity bills for the average residential customer.

A customer using 750 kWh per month should see a decrease of approximately 0.1%, or 12 cents per month on an annualized basis. For larger homes, where the average customer uses 1000 kWh per month, there will be a decrease of approximately 61 cents per month.

"We're proud that we have been able to achieve increased efficiencies and keep our rates among the lowest in the province," said President and CEO Rosemarie T. Leclair.

Excluding the costs of the Smart Meter program, Hydro Ottawa's distribution rates would rise by less than half a percent (0.43%), based on increased costs due to inflation, offset by cost savings due to productivity improvements and the removal of the federal Large Corporation Tax.

The Smart Meter adder will add $1.33 to each residential bill per month, in addition to the existing 41 cents per month charge for the Smart Meter program. This charge will not appear as a separate item on the customer's bill, but rather will be included in the "delivery" line.

About Hydro Ottawa Limited

Hydro Ottawa Limited, a wholly owned subsidiary of Hydro Ottawa Holding Inc., is the second largest municipal electricity distribution company in the province. Hydro Ottawa is responsible for the safe, reliable delivery of electricity to more than 282,000 residential and business customers in the city of Ottawa and the village of Casselman. Hydro Ottawa is proud to be a founding member of powerWISE®, a program developed in partnership with the Ontario Government and five other electricity distribution companies to promote energy conservation to consumers, reduce the overall demand for electricity and build a conservation culture meant to last for years to come.

Contact Information

  • Hydro Ottawa Group of Companies
    Nathan Benson
    Chief Communications Officer
    613-738-5499 ext. 252