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A Note On The Rate Of Last Resort

On April 18th 2024, the provincial government announced changes to the Regulated Rate Option for electricity consumers. The provincial government has said it is aiming for these proposed changes to come into effect by January 2025. The proposed changes include:Renaming the default electricity rate from the Regulated Rate Option (RRO) to the Rate of Last Resort (ROLR) Setting default electricity rates every two years Requiring default providers to confirm with their customers within 90 days of providing services whether they’re choosing to sign a competitive rate contract or staying on the default electricity rate.

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