Payments, retailers using retailer-consolidated billing with embedded distributor
7. (1) In this section, “C” is the amount, calculated at the contract price, that is payable for electricity under a designated contract by a regulated consumer in an embedded distributor’s service area to a participating retailer who is using retailer-consolidated billing, for the volume of electricity supplied under the contract; and “D” is the amount that would be payable by the participating retailer to the embedded distributor for the same volume of electricity in the same circumstances if the amount were to be calculated under the Retail Settlement Code. O. Reg. 431/04, s. 7 (1). (2) If there is a difference between a participating retailer’s “C” in respect of a designated contract and “D”, (a) the participating retailer shall give the embedded distributor such information as the IESO may specify with respect to the amounts and shall do so before the expiry of the period specified by the embedded distributor; (b) the embedded distributor shall give its host distributor such information as the IESO may specify with respect to the amounts and shall do so before the expiry of the period specified by the host distributor; (c) the host distributor shall give the IESO such information as the IESO may specify with respect to the amounts in the form specified by the IESO and before the expiry of the period specified by the IESO; and (d) the IESO shall give the OPA such information as the OPA may specify with respect to the amounts in the form specified by the OPA and before the expiry of the period specified by the OPA. O. Reg. 431/04, s. 7 (2). (3) The following rules apply if a participating retailer’s “C” in respect of a designated contract is greater than “D”: 1. The OPA shall make a payment equal in amount to the difference to the IESO after receiving the information required under clause (2) (d). 2. The IESO shall make a payment equal in amount to the payment required under paragraph 1 to the host distributor after receiving the information required under clause (2) (c). 3. The host distributor shall make a payment equal in amount to the payment required under paragraph 1 to the embedded distributor before the expiry of the period specified by the Board. 4. The embedded distributor shall make a payment equal in amount to the payment required under paragraph 1 to the participating retailer before the expiry of the period specified by the Board. O. Reg. 431/04, s. 7 (3). (4) The following rules apply if the participating retailer’s “C” in respect of a designated contract is less than “D”: 1. The participating retailer shall make a payment equal in amount to the difference to the embedded distributor before the expiry of the period specified by the Board. 2. The embedded distributor shall make a payment equal in amount to the payment required under paragraph 1 to its host distributor before the expiry of the period specified by the Board. 3. The host distributor shall make a payment equal in amount to the payment required under paragraph 1 to the IESO before the expiry of the period specified by the IESO. 4. The IESO shall make a payment equal in amount to the payment required under paragraph 1 to the OPA after receiving the information required under clause (2) (c) and before the expiry of the period specified by the OPA. O. Reg. 431/04, s. 7 (4). (5) If the OPA and the IESO establish protocols under section 8 authorizing interim payments based on estimates with subsequent adjustments, subsections (1), (2), (3) and (4) apply with necessary modifications with respect to the interim payments. O. Reg. 431/04, s. 7 (5).