Hydro One asks for rate increases, pre-paid meters in Ontario Energy Board application - Action News
Home WebMail Tuesday, November 26, 2024, 11:28 PM | Calgary | -7.7°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
Toronto

Hydro One asks for rate increases, pre-paid meters in Ontario Energy Board application

Hydro One is considering allowing its customers to use pre-paid meters for their electricity use.

Move would lower utility's financial risk by making customers pay for energy before using it, application says

The proposal is contained within a massive Ontario Energy Board application, which also asks for a rate increase of 0.5 per cent this year and 4.8 per cent next year. (CBC)

Hydro One is considering allowing its customers to use pre-paid meters for their electricity use.

The proposal is contained within a massive Ontario Energy Board (OEB) application, which also asks for a rate increase of 0.5 per centthis year and 4.8 per cent next year.

The application says the pre-paid meters would minimize HydroOne's financial risk by requiring customers to pay for energy beforeusing it in particular for customers who are deemed to be a highcollection risk.

But Hydro One's executive vice-president of customer care and corporate affairs says it would not be used as a collection tool.

Ferio Pugliese says if the OEB allows Hydro One to move forwardwith pre-paid meters, they would be offered to customers as a choiceand wouldn't be forced upon anyone.

He also says despite language in Hydro One's application that customers would not be disconnected once their pre-payment ran out.