Elimination Of Debt Charge MisleadingApril 23, 2014 4:36pm
Don’t get too excited about the Ontario government’s announcement today that the Debt Retirement Charge on residental power bills will disappear starting in 2016.
Bluewater Power CEO Janice McMichael-Dennis says the debt charge is being eliminated at the same time the 10 per cent Ontario Clean Energy Benefit expires. She says the net result will be a $6 monthly increase for the typical residential user.
McMichael-Dennis adds businesses will continue to pay the Debt Retirement Charge.
The province is said to be exploring different ways to provide relief to low-income families once the changes take effect.