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Province expected to announce end to Debt Retirement Charge
The energy minister is making an announcement later in the day
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The province is expected to announce the end to the debt retirement charge on your hydro bills in 2016 on Wednesday.

As it stands, the "debt retirement charge" is up to $7 per household hydro bill. It was put into place to deal with the left-over debt when the province broke up Ontario Hydro in 1998 to form Hydro One and Ontario Power Generation.

But you'll have to wait for the savings. The governing Liberals are expected to take it off your bills as of January 1st, 2016.

In January, Ontario Energy Minister Bob Chiarelli said the province was a year behind in paying down the stranded debt. The province had hoped be rid of it by next year.  At the time, Chiarelli gave a window of between 2015-2018 to pay it down.

He had also tossed the idea around of extending the 10 per cent Clean Energy Benefit on your hydro bills to compensate.

Chiarelli will be making the announcement regarding residential bills in Leslieville, alongside Minister of Consumer Services Tracy MacCharles.

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16 0


The province is expected to announce the end to the debt retirement charge on your hydro bills in 2016 on Wednesday.

As it stands, the "debt retirement charge" is up to $7 per household hydro bill. It was put into place to deal with the left-over debt when the province broke up Ontario Hydro in 1998 to form Hydro One and Ontario Power Generation.

But you'll have to wait for the savings. The governing Liberals are expected to take it off your bills as of January 1st, 2016.

In January, Ontario Energy Minister Bob Chiarelli said the province was a year behind in paying down the stranded debt. The province had hoped be rid of it by next year.  At the time, Chiarelli gave a window of between 2015-2018 to pay it down.

He had also tossed the idea around of extending the 10 per cent Clean Energy Benefit on your hydro bills to compensate.

Chiarelli will be making the announcement regarding residential bills in Leslieville, alongside Minister of Consumer Services Tracy MacCharles.

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