Class B Global Adjustment

The IESO calculates the Global Adjustment rate each month, providing three variations for Class B customers. LDCs use one of the variations to bill their customers depending on their billing cycle.

Global Adjustment Estimates and Actual Rates

The 1st, 2nd estimate and actual rates for Class B customers are posted below in MWh.

2019 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2018 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

 

For historical global adjustment values, see Data Directory (Price).

For reporting in kWh, see Price Overview/Global Adjustment.

Global Adjustment Modifier

Under the Ontario Fair Hydro Plan Regulation, the OEB sets an amount – the GA Modifier – that electricity distributors and others will apply to reduce the GA payable by eligible customers on electricity consumed. The GA Modifier is set at -$41.49 per MWh. For more information on Global Adjustment Modifier, see OEB Report: Regulated Price Plan Prices and the Global Adjustment Modifier for the Period May 1, 2019 to October 31, 2019.

May 1, 2018 to April 30, 2019 -$44.38 per MWh OEB Report: Regulated Price Plan Prices and the Global Adjustment Modifier for the Period May 1, 2018 to April 30, 2019 
July 1, 2017 to April 30, 2018   -$32.90 per MWh OEB Report: Regulated Price Plan Prices and the Global Adjustment Modifier for the Period July 1, 2017 to April 30, 2018 

Variance Account under Ontario's Fair Hydro Plan ($M)

The following tables present the monthly amounts recorded in the Fair Hydro variance account, which includes amounts of deferred GA.  

Jan 2019 Feb 2019   Mar 2019 Apr 2019 May 2019 Jun
2019
Jul 2019  Aug 2019   Sep 2019  Oct 2019 Nov 2019 Dec 2019 
219.1 195.6 193.6 277.7 312.6

           
Jan 2018  Feb 2018   Mar 2018 Apr 2018 May 2018 Jun
2018
Jul 2018  Aug 2018   Sep 2018  Oct 2018 Nov 2018 Dec 2018 
133.0 127.9** 149.6**  255.7 309.9 203.7   229.7 175.1  226.5 243.3 302.3**
 183.4
*Variance Account Notes & Historical Data

The following table presents the monthly amounts recorded in the Fair Hydro variance account, which includes amounts of deferred GA.  

Jul 2017  Aug 2017  Sep 2017   Oct 2017  Nov 2017 Dec 2017 
 387.7* 210.8 219.5 186.7 175.2**  198.5

** ($M)

-  The April 2018 to November 2018 balance of –1,947.2 was financed through a provincial funding transaction. Going forward the Province will fund the balance amount monthly.
-  An asset transfer of the March 2018 balance of -149 was made to the Fair Hydro Trust.
-  An asset transfer of the December 2017 to February 2018 balance of -460 was made to the Fair Hydro Trust.
-  An asset transfer of the July 2017 to November 2017 balance of -1,179 was made to the Fair Hydro Trust.

*Includes balance in the account for RPP prior to July 1, 2017. Note this number was updated on October 19, 2017.

 

Global Adjustment Estimate and Actual Costs

The 2nd estimate and actual total GA costs are posted below.

2019 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2018 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

 

For historical global adjustment values, see Data Directory (Price).