You Are Here: Skip Navigation LinksBilling

The Parts of Your Hydro Bill

Adjustment Factor was previously known as Loss Factor. When electricity is delivered over a power line, it is normal for a small amount of power to be consumed or lost as heat. Equipment, such as wires and transformers, consume power before it gets to your home or business. The adjustment factor accounts for these losses.

Historical Usage, as part of its commitment to conservation and energy efficiency. Goderich Hydro provides usage data to enable its customers to conserve energy.

Delivery Charges includes those charges previously known as Customer Fixed Monthly Service Charge, Distribution Charge, Transmission Connection Service Charge and Network Service Charge. These are the costs of delivering electricity from generating stations across the province to Goderich Hydro then to your home or business. This includes the costs to build and maintain the transmission and distribution lines, towers and poles and operate the provincial and local electricity system.

Regulatory Charges includes those charges previously known as Wholesale Market Service Charge and Administration Charge. These are the costs of administering the wholesale electricity system and maintaining the reliability of the provincial grid.

Debt Retirement Charges pays down the debt of the former Ontario Hydro.

Conservation Message. Occasionally your bill may contain energy conservation tips to help you to lower your energy costs.

Electricity Pricing

Beginning in May 2002, the Ontario Electricity Industry became an open market for sale of energy as commodity. The Electricity Market allowed the generation facilities to be built and operated by private companies. These companies can sell the electricity they generate either through the central market managed by the Independent Electricity System Operator (IESO) or through financial agreements with interested purchasers.

The induction of competition in energy sales has provided Energy Marketers an opportunity to purchase electricity on long term contracts, and in turn re-sell that energy to consumers under fixed contracts.

It is worth noting, that energy is only one component of a consumers total electricity invoice. There are many parties involved in moving that electricity from generator to a home or place of business. The chart below demonstrates the percentage of a residential consumers monthly electricity invoice broken down by component. It is only the dark blue section that represents the energy component open to the market.

For consumers that choose not to sign with an Energy Marketer, the Local Distributor will charge will charge the Regulated Rate set by the Ontario Energy Board for energy and pass the collected revenues to the IESO so that they can in turn pay the generators.

Regulated Energy Prices 

May 1, 2014 to October 31, 2014 - Off-peak 7.5 cents per kWh, Mid-peak 11.2 cents per kWh, On-peak 13.5 cents per kWh 

For more information visit:

Ministry of Energy                                                     

Ontario Energy Board

Electricity Distributors Association                             

Independent Electricity System Operator

 

Billing Frequency

Goderich Hydro meters (budget or electrical heat residential, commercial and industrial) are read and invoiced monthly.

Payment Options

In our office at 57 West St: Monday to Friday 8:00am to 4:00pm

  • Cash or Interac                                       
  • Night Deposit Drop Box (cheques only please)
  • Pre-Authorized Payment Plan                  
  • Budget Billing
  • Telephone Banking                                 
  • Internet Banking
  • Bank
  • Mail
  • Paymentus - Credit Card

 
© Goderich Hydro