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
--  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
    --  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
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
SYS-CON Events announced today that Coalfire will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Coalfire is the trusted leader in cybersecurity risk management and compliance services. Coalfire integrates advisory and technical assessments and recommendations to the corporate directors, executives, boards, and IT organizations for global brands and organizations in the technology, cloud, health...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, will contrast how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He will show the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He will also have live demos of building immutable pipe...
SYS-CON Events announced today that Transparent Cloud Computing (T-Cloud) Consortium will exhibit at the 19th International Cloud Expo®, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The Transparent Cloud Computing Consortium (T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data proces...
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...