The Open Electricity Market: How It Affects You

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8858 - The Open Electricity Market: How It Affects You

The Open Electricity Market: How It Affects You

by: News Canada

(NC)-In the open electricity market, you have the power to decide which company sells you the electricity you use. There are a variety of licensed retailers who may offer competitive pricing packages, as well as other products and services. Or, you can continue to have Hydro One Networks purchase electricity on your behalf and sell it to you through 'Standard Supply Service'. This means they buy it at the given spot market rate, averaged over your billing period, and pass it on to you with no mark-up or profit. Regardless of your choice, Hydro One Networks is still responsible for the safe and reliable delivery of electricity.
Why has the Government of Ontario opened the electricity market?
An open electricity market breaks down the electricity monopoly for the generation, transmission, distribution and retailing of electricity in Ontario.
The Government's goal in opening the electricity market to competition in generation and retailing is to help consumers benefit from choice, offer better products and services and encourage exploration of new sources of power and ways of doing business. It is also felt Ontario's economy will have a stronger future. Competition gives consumers the option to deal with a licensed retailer, without compromising safe and reliable delivery of electricity to their homes or business.
For more information about changes to the electricity industry, visit these important links:

Learn more about your relationship with Hydro One Networks (HON) in the open market at: http://customer.HydroOne Networks.com
Find out about the government's open market policy at the Ministry of Environment and Energy (MOEE): www.est.gov.on.ca
Get information on energy rates, electricity retailers and consumer protection by visiting the Ontario Energy Board (OEB) at: www.oeb.gov.on.ca
View competitive retailer offers at: www.energyshop.com

Editors: These articles are for use in Ontario only

About The Author

News Canada provides a wide selection of current, ready-to-use copyright free news stories and ideas for Television, Print, Radio, and the Web.
News Canada is a niche service in public relations, offering access to print, radio, television, and now the Internet media, with ready-to-use, editorial 'fill' items. Monitoring and analysis are two more of our primary services. The service supplies access to the national media for marketers in the private, the public, and the not-for-profit sectors. Your corporate and product news, consumer tips and information are packaged in a variety of ready-to-use formats and are made available to every Canadian media organization including weekly and daily newspapers, cable and commercial television stations, radio stations, as well as the Web sites Canadians visit most often. Visit News Canada and learn more about the NC services.

This article was posted on July 26, 2002

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