The debt retirement charge (DRC) is a charge payble on electricity consumed in ontario that pays down the debt of the former ontario hydro
Effective January 1, 2016, the Ontario government is removing the Debt Retirement Charge (DRC) from all residential customers’ bills. The DRC is to remain on all other electricity users’ bills until the residual stranded debt is retired — this has been estimated to occur by the end of 2018. Multi-Unit Residential Complex Exemption Customers with a bulk-metered multi-unit residential complex can qualify for a reduction of the DRC to a maximum of 1,500 kWh per month per eligible residential unit. For more information about the DRC Exemption, customers can visit Ontario.ca/drc. Customers can self-declare their eligibility for the DRC exemption by filling out a self-declaration form. If they qualify, customers must identify themselves, complete the DRC Self-Declaration Form and submit to Festival Hydro to register their account. DRC Self-Declaration Form The exemption applies only to electricity consumed on, or after January 1, 2016. Declarations received after December 31, 2015 will not be applied retroactively. If the bulk metered multi-unit complex is already under the Regulated Price Plan (RPP), it is still necessary to complete and submit the DRC Self-Declaration Form.