2023 Rate Application
On August 3, 2022, InnPower Corporation filed an Incentive Rate Mechanism (IRM) Application for distribution rates with the Ontario Energy Board (OEB). On August 19, 2022, the Notice of Application was issued by the OEB*. Customers will have an opportunity to respond to our application through the OEB until September 7, 2022.
*Please note, the rates included in the notice are strictly our distribution rates.
All information filed with the Ontario Energy Board can be found following here.
What are Distribution Rates?
Distribution rates pay for the costs for InnPower to deliver electricity from generating stations across the Province to InnPower Corporation and then to your home or business. This includes the cost to build and maintain the transmission/distribution lines, towers/poles and to operate provincial and local electricity systems.
Investments in the distribution system are necessary to keep the public safe, reduce power outages and offset the need for expensive emergency repairs. Making investments in the system today will help protect the public, maintain reliability and help offset costly repair, maintenance and emergency work in the future. Each dollar will be invested in a way that benefits our customers and community the most.
Below is the preliminary rate impacts for January 1, 2023 by rate class, which are subject to change (including updates to the inflation factor & Uniform Transmission Rates (UTR) rates) and pending approval by the OEB.
If you do not have the means to download, please contact our Customer Service to request a copy.