Compensation for lost revenue to licensed distributors
 5. (1) Every embedded distributor who provides rate assistance shall provide to its host distributor, at the times and in the form and manner specified by the host distributor, information respecting the amount of rate assistance provided to rate-assisted consumers who have accounts with the embedded distributor for the last month ending before the day the information is to be provided, and any adjustments to be made in respect of earlier months. (2) Every licensed distributor who is a market participant who provides rate assistance shall provide to the IESO, at the times and in the form and manner specified by the IESO, information respecting the following amounts in respect of the last month ending before the day the information is to be provided: 1.  The amount of rate assistance provided for the month to rate-assisted consumers who have accounts with the licensed distributor, and any adjustments to be made in respect of earlier months. 2.  If the licensed distributor is a host distributor, the amount of rate assistance provided for the month to rate-assisted consumers who have accounts with the embedded distributors of which the licensed distributor is the host distributor, and any adjustments to be made in respect of earlier months. (3) The IESO shall provide to the Minister, at the times and in the form and manner specified by the Minister, the total amounts reported to the IESO under subsection (2) in respect of the last month ending before the day the information is to be provided. (4) Based on the information provided under this section for a month, (a)  the Minister shall pay to the IESO, in keeping with the IESO timelines for invoice payments, sufficient amounts to compensate licensed distributors for lost revenue resulting from the provision of rate assistance for the month to rate-assisted consumers who have accounts with licensed distributors, subject to any adjustments to be made in respect of earlier months; (b)  the IESO shall pay to each licensed distributor who is a market participant a sufficient amount to compensate, (i)  the licensed distributor for lost revenue resulting from the provision of rate assistance for the month to rate-assisted consumers who have accounts with the licensed distributor, subject to any adjustments to be made in respect of earlier months, and (ii)  embedded distributors of which the licensed distributor is the host distributor for lost revenue resulting from the provision of rate assistance for the month to rate-assisted consumers who have accounts with the embedded distributors, subject to any adjustments to be made in respect of earlier months; and (c)  a host distributor shall, before the date specified by the Board if any, pay to every embedded distributor of which it is a host distributor a sufficient amount to compensate the embedded distributor for lost revenue resulting from the provision of rate assistance for the month to rate-assisted consumers who have accounts with the embedded distributor, subject to any adjustments to be made in respect of earlier months. (5) Despite subsection (4), the amount of compensation to which a licensed distributor is entitled is subject to such subsequent adjustments as may be required by reason of, (a)  the provision to a person to whom information is given under this section of additional information; or (b)  a determination made by an inspector who conducts an inspection or inquiry under section 79.8 of the Act that relates to the licensed distributor. (6) Despite subsections (4) and (5), no amount is payable as compensation to a licensed distributor who fails without reasonable cause to provide any information required to be provided under this section within the time it is required to be provided. (7) Payments required under this section by a person or entity and any subsequent adjustments may be made, at the option of the person or entity, by way of set-off against any applicable accounts maintained by the person or entity with the person or entity to whom the payments are to be made.