Welcome!

News Feed Item

Enbridge Gas Distribution Rate Update

TORONTO, ONTARIO -- (Marketwired) -- 06/26/14 -- Enbridge Gas Distribution Inc. (Enbridge), a regulated natural gas distribution utility, today received approval from the Ontario Energy Board (OEB) to decrease the April 1, 2014 Cost Adjustment charge previously approved on an interim basis. The decrease is effective July 1, 2014. It follows the OEB's May 22 decision to spread the interim April 1 Cost Adjustment increase associated with Ontario's coldest winter in 37 years over an extended period of 27 months instead of the normal 12 months.

The OEB approved a decrease to the Cost Adjustment charge for a residential customer from 7.1649 cents per cubic metre (cents/m3) of natural gas effective April 1 to 2.4507 cents/m3 effective July 1. Since three months have passed since the interim decision, the decrease spreads the remaining amount over the next 24 months.

If spread evenly throughout the year, for typical residential customers(i) who buy their natural gas supply and transportation from Enbridge Gas Distribution, this is an overall decrease of approximately $12 a month or $144 over the next year compared to the interim rates. (The interim winter-related increase was $20 a month over 12 months.)

"We support the Board's decision to reduce the monthly financial impact of the extremely cold past winter on our residential customers," said Malini Giridhar, Vice President, Enbridge Gas Distribution. "Enbridge is a regulated utility and does not earn a profit on the price of natural gas. Our customers pay what we pay for natural gas."

Effective July 1, 2014, Enbridge Gas Distribution's Gas Supply Charge will remain at 17.60 cents/m3. The Cost Adjustment includes a charge on gas supply of 0.92 cents/m3. Combined, they result in an effective Gas Supply Charge of 18.52 cents/m3.

Based on these residential rates, natural gas is currently the most economical choice for home and water heating in Ontario, costing about 64 per cent less than electricity and 66 per cent less expensive than oil.(ii) A typical Enbridge residential customer saves more than $2,200 a year compared to people using electricity and $2,500 compared to those using oil.

The total effect of these changes on a customer's bill depends on how much gas a customer uses.

There are a number of options available to help customers manage their bills:


--  Implement low or no cost energy efficiency tips
    www.enbridgegas.com/energyefficiency
--  Join the Budget Billing Plan to spread annual natural gas costs over 11
    months thereby avoiding higher bills during winter when natural gas use
    typically increases
    --  Register at www.enbridgegas.com/bbp or call 1-877-362-7434
--  Find out if you qualify for assistance
    --  The OEB's Low-income Energy Assistance Program (LEAP) provides
        emergency financial assistance of up to $500 towards past due energy
        bills
    --  Enbridge's Home Winterproofing Program offers free energy efficiency
        measures such as insulation and signing up now can help lower future
        energy bills

If you are having trouble paying your bill, please call us about making payment arrangements and possible financial support as early as possible.

Enbridge Gas Distribution Inc. has a more than 160-year history and is Canada's largest natural gas distribution company. It is owned by Enbridge Inc., a Canadian-based leader in energy transportation and distribution and one of the 2013 Global 100 Most Sustainable Corporations. Enbridge Inc. has been selected as one of Canada's Greenest Employers for 2013 and is one of Canada's Top 100 Employers. Enbridge Gas Distribution and its affiliates distribute natural gas to two million customers in Ontario, Quebec, New York State and New Brunswick. For more information, visit www.enbridgegas.com or follow us on Twitter @EnbridgeGasNews.

Please see the attached backgrounder for more information about Enbridge Gas Distribution's prices: http://media3.marketwire.com/docs/Rate1_Fact_Sheet_July_2014.pdf

(i) Calculations are based on the assumption that a typical residential customer uses about 3,064 cubic metres of natural gas a year for home and water heating.

(ii) Natural gas rates are based on Enbridge Gas Distribution Inc.'s approved residential rates effective July 1, 2014. Electricity rates are based on Toronto Hydro's Ontario Energy Board approved rates effective May 2014 and do not include the Ontario Clean Energy Benefit. Oil prices are based on publicly posted Statistics Canada historical rates up to and including rates available as of May 2014. Costs have been calculated for the equivalent energy consumed by a typical residential customer and include all service, delivery and energy charges. HST is not included.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing be...
Back in February of 2017, Andrew Clay Schafer of Pivotal tweeted the following: “seriously tho, the whole software industry is stuck on deployment when we desperately need architecture and telemetry.” Intrigue in a 140 characters. For me, I hear Andrew saying, “we’re jumping to step 5 before we’ve successfully completed steps 1-4.”
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
As pervasive as cloud technology is -- and as persuasive as the arguments are for using it -- the cloud has its limits. Some companies will always have security concerns about storing data in the cloud and certain high-transaction applications will always be better suited for on-premises storage. Those statements were among the bottom-line takeaways delivered at Cloud Expo this week, a three day, bi-annual event focused on cloud technologies, adoption and associated challenges.
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
SYS-CON Events announced today that Hitachi Data Systems, a wholly owned subsidiary of Hitachi LTD., will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City. Hitachi Data Systems (HDS) will be featuring the Hitachi Content Platform (HCP) portfolio. This is the industry’s only offering that allows organizations to bring together object storage, file sync and share, cloud storage gateways, and sophisticated search an...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.