Important Deadlines for Condominiums to Continue to Receive the New Ontario Electricity Rebate
As of November 1, 2019, the Government of Ontario commenced a new Ontario Electricity Rebate in order to improve transparency and accountability within the energy sector. The new rebate will appear on hydro bills as a single line item, which will replace the former 8% rebate and rate reduction that was built into the price of electricity.
At this time, the provincial government is working to identify multi-unit complexes (such as condominiums) who previously received the former rebate to ensure that the new rebate program is administered fairly. While the government collects data to ensure this is occurring, condominiums are being asked to take the following steps:
- Condominiums that use over 250,000 kilowatt-hours per year and whose demand is over 50 kilowatts are required to provide notice to their local distribution company by January 31, 2020 in order to receive the new rebate beyond February 1, 2020; and
- Condominiums that have fewer than 50% residential units are required to report to their local distribution company in order to receive an extension for a continuation in receiving the new rebate until November 1, 2020.
For more information about the new Ontario Electricity Rebate, please visit see here.
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