Debt Retirement Changes

Further to a commitment made on April 23, 2014, the government is removing the Debt Retirement Charge (DRC) from all residential class users’ bills effective January 1, 2016 and all commercial class users’ bills effective April 1, 2018.

Additional information about this exemption is available on the Ministry of Finance’s website. Please see www.ontario.ca/laws for the relevant legislation:

  • Electricity Act, 1998, Part V.1 (Debt Retirement Charge)
  • Ontario Regulation 493/01 (Debt Retirement Charge – Rates and Exemptions)
  • Ontario Regulation 494/01 (Debt Retirement Charge – Administration)

For more information, please call us a 1-877-850-3128.