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What is the Debt Retirement Charge (DRC) and why do I have to pay it?

April 26, 2017charge debt drc pay retirement

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What is the Debt Retirement Charge (DRC) and why do I have to pay it?

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The Debt Retirement Charge (DRC) is intended to help pay down the legacy debt of the former Ontario Hydro. Although the debt was acquired in the past, the facilities that were financed by the debt are still in use and continue to supply electricity to customers today. For this reason, today’s customers contribute to paying down the debt through the DRC. Since those who use more electricity benefit more from these facilities, it is appropriate that they pay a higher portion of the debt retirement cost than those who use less electricity.