2025 Rate Application
On August 15, 2024, InnPower Corporation filed an Incentive Rate Mechanism (IRM) Application for distribution rates, effective January 1, 2025, with the Ontario Energy Board (OEB).
Preliminary bill impacts to the various customer classes can be seen in the table below:
Please note, the rates are not final until approved by the Ontario Energy Board.
Column A represents InnPower’s distribution rates for each class of service, which are established by revenue requirements in the rate-setting process.
Column B represents the net of column A plus pass through electricity market costs which are cost variances payable/recoverable to/from the Province of Ontario and Hydro One.
Column C represents the net of column A and column B plus pass through transmission cost variances payable/recoverable to/from Hydro One.
All information filed with the Ontario Energy Board can be found here.
2025 InnPower IRM Electricity Rate Distribution Application
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.