Class B Global Adjustment

The IESO publishes three variations of the Class B GA rate for each month in order to accommodate the various billing cycles for all of Ontario’s Class B customers. The published 1st and 2nd GA Rate Estimates are based on projections of monthly costs that are covered under GA and also include a true-up component to cover any over-collection or under-collection which resulted from the previous month’s published rates. The 1st and 2nd GA Rate Estimates are also based on the projected total energy consumption within Ontario during the month for which the rate is being calculated. The published Actual GA Rate for the month is the representation of the actual GA costs which are allocated over the total energy consumed in Ontario by Class B customers. The Actual GA rate also includes a true-up component to cover any over-collection or under-collection which resulted from the previous month’s published rate. The Class B rate that is applied by LDCs to bill their customers should not affect the overall amount that is paid by the customers over time if the rates continue to be applied consistently.

Global Adjustment Estimates and Actual Rates

The 1st and 2nd GA rate estimates and actual GA rates for Class B customers are posted below in $/MWh.

2024 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2023 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2022 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 Estimate and Actual Costs

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

2024 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2023 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2022 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

 

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

On May 9, 2019, legislative amendments to Ontario Rebate for Electricity Consumers Act, 2016 and the Ontario Fair Hydro Plan Act, 2017 (OFHPA) were passed to end Global Adjustment Refinancing and replace it with a new rebate, the Ontario Energy Rebate (OER), effective November 1, 2019. The OER is an expansion of the 8% provincial rebate and replaces the GA Modifier under the OFHPA that reduced the GA payable by eligible customers on electricity consumed.

May 1, 2019 to October 31, 2019 -$41.49 per MWh 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   -$32.90 per MWh OEB Report: Regulated Price Plan Prices and the Global Adjustment Modifier for the Period July 1, 2017 to April 30, 2018 
Variance Account Historical Data under Ontario's Fair Hydro Plan ($M)

On May 9, 2019, legislative amendments to ORECA and the Ontario Fair Hydro Plan Act, 2017 (OFHPA) were passed to end Global Adjustment Refinancing and replace it with a new rebate, the Ontario Energy Rebate (OER), effective November 1, 2019.

The following table presents the historical monthly amounts recorded in the OFHPA 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
 328.9
  211.3 306.9  493.2  159.1 34.4**  127.3
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
Jul 2017  Aug 2017  Sep 2017   Oct 2017  Nov 2017 Dec 2017 
 387.7* 210.8 219.5 186.7 175.2**  198.5

**
-  Note all amounts starting in November 2019 reflect historical adjustments to OFHP claims.
-  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.