What changes have taken place in Ontarios electricity sector?
Ontario’s competitive electricity market opened on May 1, 2002. On December 9, 2002, the government passed the Electricity Pricing, Conservation and Supply Act, 2002, that set the commodity price of electricity at 4.3 cents per kilowatt hour for low volume consumers and other designated consumers. In December 2003, the government introduced the Ontario Energy Board Amendment Act (Electricity Pricing), 2003, which put in place a new interim electricity pricing structure, replacing the 4.3 cent per kilowatt hour (kWh) price cap as of April 1, 2004. Under the interim structure, residential, low-volume and other designated consumers were paying 4.7 cents per kWh for the first 750 kWh consumed per month, and 5.5 cents per kWh for consumption above that level. Introduction of the Regulated Price Plan In 2004, the Minister of Energy asked the Ontario Energy Board to develop an electricity price plan to better reflect the price paid to generators. The prices, which took effect April 1, 2005, w
