Ontario Wholesale Energy’s HOEP Plus Cancel Anytime Program* (for consumers who use less than 150,000 kWh per year) allows you to pay the same wholesale rates that larger consumers use, along with our small program fee and the Global Adjustment or GA. And, if at anytime the plan does not work for you, which very few companies have found, simply give us 90 days’ notice and you can cancel without fees or penalties.
*With 90 days’ written notice.
GA is complex, but we can simplify it:
Everyone in Ontario is required to pay their share of the Global Adjustment. No one is exempt. Essentially, the Global Adjustment is the difference between the cost to generate the electricity and what the producers can get for it on the wholesale market. It is also used to pay for green energy projects such as wind and solar, as well as conservation programs and infrastructure repair.
Compared to a business that used an equal amount of on-peak, mid-peak and off-peak power, a business that was on our HOEP Plus program may show a positive differential - which is why Ontario businesses have chosen Ontario Wholesale Energy to manage over 30,000 accounts. And remember, if you're not completely satisfied with your program, you can cancel at any time.
| HOEP Plus Program Cost Comparison |
| Contract Term (yrs) |
TOU Cost |
OWE HOEP + Cost |
Differential |
| 1 |
$14,974 |
$14,597 |
$377 |
| 2 |
$29,528 |
$27,297 |
$2,231 |
| 3 |
$45,032 |
$42,107 |
$2,925 |
| 4 |
$64,928 |
$60,889 |
$4,040 |
| 5 |
$83,424 |
$77,923 |
$5,501 |
*Based on equal usage of peak, mid-peak, off-peak of 150,000 kWh per year and Program Fee of 0.95 cents/kWh for contracts ending March 2020.