Ontario Introduces Electricity Bill Rebate Legislation
Minister of Energy Glenn Thibeault introduced new legislation on Thursday, September 15 for an 8% electricity bill rebate reflecting the provincial portion of the Harmonized Sales Tax (HST).
The Ontario Rebate for Electricity Consumers Act, 2016 will make the 8% rebate available to all retail and system consumers including most families, farms, and small businesses. The Act amends the Ontario Energy Board Act, 1998 to allow the Ministry to pass related regulations and the OEB to oversee the rebate through local distribution companies (LDCs). The legislation will come into effect on January 1, 2017.
Lieutenant Governor Dowdeswell announced the government's new policy and other priorities in the Throne Speech on Monday, September 12, 2016. Read our client bulletin on the Throne Speech here.