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» babble   » walking the talk   » labour and consumption   » the Market Power Mitigation Rebate

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Author Topic: the Market Power Mitigation Rebate
Trisha
rabble-rouser
Babbler # 387

posted 22 May 2001 10:44 PM      Profile for Trisha     Send New Private Message      Edit/Delete Post  Reply With Quote 
Has anyone heard of this? Supposedly, Ontario provided the information to electricity customers last year. The CBC news article says that the private power companies that are asking people to sign up before deregulation is in effect have a clause in the fine print that assigns any energy rebates to the company.
The public agencies responsible don't have any literature anywhere on the public record explaining the rebate, which is supposed to kick in when the yearly average cost rises above 3.8-cents per kilowatt hour. Does anyone know how to read their electrical bills?

From: Thunder Bay, Ontario | Registered: Apr 2001  |  IP: Logged
DrConway
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Babbler # 490

posted 23 May 2001 06:24 AM      Profile for DrConway     Send New Private Message      Edit/Delete Post  Reply With Quote 
That's a pretty outrageous trick. Sure, any rebates consumers get might be put entirely towards the electric bill, but what it really does is gives the power company a boatload of taxpayer money it can sock away in the bank and collect interest on.


From: You shall not side with the great against the powerless. | Registered: May 2001  |  IP: Logged

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