Elimination Of Debt Charge Misleading
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.