What is the Class A / Class B strategy? Know your options to prepare for the June 15th deadline.
Thursday May 9, 2019 | 7:30 a.m. - 11:30 a.m. | Ontario Investment & Trade Centre | 250 Yonge Street, 35th Floor, Toronto
The Global Adjustment Mechanism (GAM) breakfast session will address this charge on your electricity bill.
GAM, similar to Conservation and Demand Management (CDM) is a Ministry directive and subject to change as witnessed by the shift in responsibilities for CDM from the utilities to the ieso on March 21 and effective April 1!
GAM, a regulatory mechanism introduced in 2009 as part of Ontario’s Green Energy Act to eliminate coal-based generation and to encourage greening the power system through conservation, demand response and cleaner generation, sources but it has evolved to the point where it now exceeds the cost of energy itself. The purpose was to provide relief to industrial customer that have an average monthly demand over 5 MW and gradually decreased to customer that have an average monthly demand over 1 MW.
Refer to: file:///C:/Users/Scott%20Rouse/Downloads/ICI-Backgrounder.pdf
Join us for this workshop to gain a better understanding of GAM and what steps you should take before the June 15th deadline. Our speakers will provide insight on their experience, choices and results. This is an industry led workshop with attendance from policy makers and regulators. We urge our members to have representation at this important information session.
What You Will Learn...
- Update & overview of Global Adjustment
- What are the components and costs?
- What are the processes involved?
- What is the Class A / Class B strategy?
- Case studies to demonstrate costs and benefits
Deadline to opt in is June 15th to participate in ICI
The GA, a regulatory mechanism was introduced in 2009 as part of Ontario’s Green Energy Act to eliminate coal-based generation and to encourage greening the power system through conservation, demand response and cleaner generation, sources but it has evolved to the point where it now exceeds the cost of energy itself.
Regulatory changes allow commercial consumers (Class “A” with peak demand greater than 1MW) to choose how the GA is charged, allowing them to be billed based on their consumption during the top five peak demand hours. While this creates an opportunity for companies to save hundreds of thousands of dollars by implementing strategies to reduce or offset their load during these peak hours, it has also created much confusion in the industry.
Global Adjustment is relevant to any commercial customer who pays the spot market price or who has signed a contract with a licensed electricity retailer. The best choice for customers depends on numerous factors.
Breakfast & registration start at 7:30.