What is the ebate that we are hearing about?
Due to the fact that Ontario Power Generation (OPG) has a monopoly of the generation in the Province, the Government has legislated that they can not charge more than 3.8 cents per KWH for more than 70% of their power. Anything in excess of that amount must be refunded to you, the customer. It was estimated that the cap would likely be 4.3 cents per KWH. Presently, OPG wants to raise this cap but the Government has committed OPG to this cap. How or when this will be rebated has not yet been determined by the regulators. In the interim, it is a cash flow problem for customers.
