Glossary
Electricity:
This is the cost of the electricity supplied to you during this billing period and is the part of the bill that is subject to competition. The electricity consumed is multiplied by the adjustment factor*. Oshawa Power collects this money and pays this amount directly to our suppliers. *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, consumes power before it gets to your home or business. The adjustment factor accounts for these losses.
Delivery:
These are the costs of delivering electricity from generating stations across the Province to Oshawa Power then to your home or business. This includes the costs to build and maintain the transmission and distribution lines, towers and poles and operate provincial and local electricity systems. A portion of these charges are fixed and do not change from month to month. The rest are variable and increase or decrease depending on the amount of electricity that you use.
Global Adjustment:
The difference between the regulated and contract prices for electricity that are paid to generators and the amount they would have received in the wholesale electricity market, called the IESO spot market. This will be either a credit or a charge depending on the prices for electricity in the IESO spot market. This charge only appears on the bills of customers who are NOT billed using the Regulated Price Plan.
Regulatory Charges:
Regulatory charges are the costs of administering the wholesale electricity system and maintaining the reliability of the provincial grid..
