Federal Carbon Charge will cause a “double-whammy” on condominium gas bills
Federal Carbon Charge will cause a “double-whammy” on condominium gas bills
Submitted By: admin on Jul 12, 2019
As highlighted by our March 29, 2019 blog posting, the federal carbon charge went into effect April 1, 2019. The 3.9 cents per cubic meter charge will increase annual gas bills by 12-15%. This charge is expected to increase annually each April.
Enbridge only recently (July 4) received approval from the Ontario Energy Board to include this charge on natural gas bills (click link here). Thus, Ontario gas customers are in for a “double-whammy” – their bills will now contain the original 3.9 cent per cubic meter charge on top of retroactive charges on gas consumption from April 1st.
Thankfully, our foresight lead usto reflect the federal carbon charge in our budget template tools as of April 1/19, which should lessen the shock for our clients.
Crossbridge has the property management industry’s only Ontario Power Authority sanctioned Embedded Energy Manager
Crossbridge’s clients have realized approximately $1 million of new savings each year
Since mid-2010 we have facilitated annual utility savings to our clients totaling nearly $8.0 million
We have also urged government departments and agencies to address inequities in utility billing, evaluated new products and services, developed new municipal codes and established industry best protocols for our clients (e.g. Electrical vehicle charging in condominiums)
