The Ontario government announced that beginning January 1, 2016, residential electricity consumers no longer pay the debt retirement charge. This saves the average consumer using 800 kWh of electricity a month on a typical time-of-use pattern about $5.60 a month.
Business, including large industries, continue to pay the debt retirement charge.
Managers and owners of multi-residential buildings that are "bulk metered" may apply for an exemption from the debt retirement charge on the first 1,500 kilowatt hours per month of electricity consumed for each eligible residential unit.
The rules for applying the debt retirement charge exemption to customers with eligible residential units have been established by the Ontario government under Ontario Regulation 493/01.
Following these rules, the exemption cannot be applied until the customer has given notice to Newmarket-Tay Power Distribution.
To apply for an exemption from the debt retirement charge for your property, please complete the form "Debt Retirement Charge Exemption - multi-unit residential customers" and return it to Newmarket-Tay Power Distribution.
You may download the form here.
The debt retirement charge exemption applies only to electricity consumed on or after January 1, 2016. Declaration forms will be processed when they are received and exemptions cannot be applied retroactively.