So Global Adjustment sound less like a ripoff than Provincial Benefit?

I think it was somewhat of a coincidence that the GA naming came into effect at the same time as the new Energy Consumer Protection Act.

So, if someone in Ontario sign a fixed-rate contract at 9.5 kWh for electricity, it’s actually 13-14kWh when you add GA and even higher if you add the Delivery Charges, Regulatory Charges and Debt Retirement Charges.

I read someone that switched to RiteRate, but switched back to their local utility after he/she found out about GA and now I know why.

All this time when I was looking at the fixed-rate contract with all the alternative providers in Ontario, I thought 6.29 kWh fixed for 3 years sounded like a good deal, but if you add GA, what’s the point?

The GA used to be called the Provincial Benefit, and it was negative at one time. Guess why it got renamed in January 2011.

The New Energy Consumer Protection Act started on Jan 2011, does it have to do anything with that? Or perhaps they changed the name to confuse more people?

http://www.ieso.ca/imoweb/b100/b100_GA.asp

The GA is only in Ontario and it changes each month. Right now it is about 4.7 cents per kWh.

Basically the GA is the difference between market revenues and the cost of various contracts that generators have with IESO. Some of that is driven by solar and wind subsidies under the Green Energy Act, while another part of it is monies paid to companies to NOT generate power at certain times.

The GA used to be called the Provincial Benefit, and it was negative at one time. Guess why it got renamed in January 2011.

Thanks for telling us about Global Adjustment, I didnt know about that and how much is the current rate for Global Adjustment?

I did the calculations today on current rates, and to break even vs TOU or RPP, you would need to find a contract that charges about 3 cents/kWh PLUS the Global Adjustment. Nobody out there is offering a contract that low, except on the import/export market during off-peak times, and that is beyond the reach of all but the largest hydro customers.