ontario regulation 477/05

made under the

ontario energy board act, 1998

Made: August 18, 2005
Filed: August 23, 2005
Printed in The Ontario Gazette: September 10, 2005


Amending O. Reg. 435/02

(Payments re Section 79.4 of the Act)

1. Ontario Regulation 435/02 is amended by adding the following section:

Payments re participating retailers to the Financial Corporation

11.1 (1) Every participating retailer who is required under a designated contract to give a discount or allowance to a low-volume consumer or designated consumer or to make a payment to a low-volume consumer or designated consumer shall pay the amount of the discount, allowance or payment to the Financial Corporation instead of giving or paying it to the low-volume consumer or designated consumer if,

(a) the discount, allowance or payment does not form part of the contract price under the designated contract; and

(b) the discount, allowance or payment relates to the period commencing May 1, 2002 and ending December 31, 2004.

(2) The Financial Corporation shall determine the method of payment of amounts under subsection (1) and the times within which payments must be made.