Ontario Energy Board Rate Applications

The Ontario Energy Board (OEB) allows three rate-setting options for electricity distributors: Price Cap Incentive Rate-setting (Price Cap IR), Custom Incentive Rate-setting (Custom IR), and Annual Incentive Rate-setting Index (Annual IR Index). 

Remotes uses the Price Cap Incentive Rate-setting method to apply for rate approval. This method allows for rate rebasing every five years. In the rate rebasing year, Remotes submits a full Cost of Service application. In between Cost of Service applications, Remotes will apply for a mechanistic increase to electricity distribution rates and other charges (an IRM Application). The OEB examines the rate applications on behalf of the public interest.

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