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
BOMA Toronto is hosting a breakfast workshop on Global Adjustment (GA) to address the charge on your electricity bill. 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.
Deadline to opt in is June 15th to participate in ICI
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. Join us for this workshop to gain a better understanding of GA 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 should be the Class A / Class B strategy?
- Case studies to demonstrate costs and benefits
Breakfast & registration start at 7:30.