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O. Reg. 475/05: Payments re Section 25.34 of the Act
filed August 23, 2005 under Electricity Act, 1998, S.O. 1998, c. 15, Sched. A
Skip to contentontario regulation 475/05
made under the
electricity act, 1998
Made: August 18, 2005
Filed: August 23, 2005
Printed in The Ontario Gazette: September 10, 2005
Amending O. Reg. 431/04
(Payments re Section 25.34 of the Act)
1. Ontario Regulation 431/04 is amended by adding the following section:
Payment of discounts etc. by participating retailers to the OPA
7.1 (1) Every participating retailer who is required under a designated contract to give a discount or allowance to a regulated consumer or to make a payment to a regulated consumer shall pay the amount of the discount, allowance or payment to the OPA instead of giving or paying it to the regulated 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 a period commencing after December 31, 2004.
(2) The OPA shall determine the method of payment of amounts under subsection (1) and the times within which payments must be made, but no payment shall be required to be made under subsection (1) before the time the participating retailer would otherwise be required under the designated contract to give the discount or allowance or make the payment to which the payment under subsection (1) relates.