Federal Carbon Charge will cause a “double-whammy” on condominium gas bills

Federal Carbon Charge will cause a “double-whammy” on condominium gas bills

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 us to reflect the federal carbon charge in our budget template tools as of April 1/19, which should lessen the shock for our clients.