Electricity charges adjusted for PowerStream customers
Residential consumption pricing threshold lowered to 600 kWh for summer months
YORK REGION, ON –- The Ontario Energy Board (OEB) recently announced that the Regulated Price Plan (RPP) two tiered prices, currently in place for residential and low volume customers of local electricity distribution companies such as PowerStream, will remain unchanged for the next six months beginning May 1, 2008.

As in previous years, the consumption threshold limit will change on May 1 from the winter threshold of 1,000 kilowatt hours (kWh) per month to the summer threshold of 600 kWh per month. Non-residential consumers eligible for the RPP prices will continue

to use 750 kWh each month as their consumption threshold. The RPP price remains at 5.0 cents per kWh up to 600 kWh and 5.9 cents per kWh above that. The prices announced by the OEB, and changes in the threshold amount at the lower prices, are reflected on the “Electricity” line of a utility bill.

The threshold change results in fewer kWhs of electricity used in the summer to be charged at the lower price for residential customers and is meant to encourage conservation during the period of highest consumption. Therefore, without a change in consumption, a typical residential customer may see an increase in the “Electricity” line of their utility bill.

The RPP pricing applies to customers who buy their electricity through PowerStream. Customers who currently buy their electricity from retailers and pay contract prices will continue to do so.

The OEB has also approved adjustments, effective May 1, 2008, to PowerStream’s distribution rates. Based on these adjustments, PowerStream residential and business customers are expected to see marginal differences in the charges which appear on the
“Delivery” line of their bills.
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About PowerStream Inc.
PowerStream Inc. is the third largest local electricity distribution company in Ontario, providing service to more than 237,000 residential and business customers in the municipalities of Aurora, Markham, Richmond Hill and Vaughan. It is an incorporated entity, jointly owned by the City of Vaughan and the Town of Markham.
 
About the Ontario Energy Board
The Ontario Energy Board regulates the province’s electricity and natural gas sectors in the public interest. It envisions a viable and efficient energy sector with informed consumers served by responsive regulatory processes that are effective, fair and transparent.