The Global adjustment covers the cost of building new electricity infrastructure in the province, as well as delivering Ontario’s conservation programs − ensuring that enough electricity supply will be available over the long term.
The global adjustment is set monthly to reflect:
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The differences between the wholesale market price for electricity, known as Hourly Onta The Global Adjustment impacts all customers, regardless of whether they are with the utility or a retailer. The only difference is that customers with a retailer will see the Global Adjustment broken out as a separate line item on their bill. The Global Adjustment was formerly known as the Provincial Benefit. rio Energy Price (HOEP) and:
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Regulated rates for Ontario Power Generation’s nuclear and hydroelectric generating stations
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Payments for building or refurbishing infrastructure such as gas-fired and renewable facilities and other nuclear, as well as the contracted rates paid to a number of generators across the province
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The cost of delivering conservation programs
Responding to changes in the HOEP, the global adjustment varies from month to month − generally, when the HOEP is lower, the global adjustment is higher in order to cover the costs of regulated and contracted generation.