5 (1) The purposes of this section are, (a) to ensure that financial assistance under this Act and the regulations is provided to those persons entitled to receive it; and (b) to authorize the making of financial arrangements to reimburse electricity vendors, and other persons prescribed by the regulations, for financial assistance provided under this Act and the regulations. 2016, c. 19, s. 5 (1). Regulations (2) The Lieutenant Governor in Council may, for the purpose of this section, make regulations, (a) authorizing the Minister of Energy, Northern Development and Mines to make payments to persons who are electricity vendors or persons prescribed by the regulations in respect of the amount of financial assistance to which consumers are entitled under this Act and prescribing methods for determining the amounts payable; (b) requiring the IESO to make payments to licensed distributors, or to persons prescribed by the regulations, in respect of financial assistance provided under this Act or the regulations and prescribing methods for determining the amounts payable; (c) requiring a licensed distributor to make payments to other licensed distributors or licensed retailers in respect of financial assistance under this Act and prescribing methods for determining the amounts payable; (d) requiring a person who is an electricity vendor or a person prescribed by the regulations to make payments in respect of financial assistance to consumers or other persons entitled to receive the financial assistance and prescribing the circumstances in which such payments are to be made and methods for determining the amounts payable; (e) authorizing the Minister of Energy, Northern Development and Mines to make payments of financial assistance directly to consumers and prescribing the circumstances when such payments are to be made; (f) requiring a person who is an electricity vendor or a person prescribed by the regulations to make payments to the Minister of Finance in respect of amounts received by them or in circumstances prescribed by the regulations and prescribing methods for determining the amounts payable; (g) authorizing payments referred to in clause (a), (b), (c), (d) or (f) to be made by way of set-offs and credits and prescribing conditions entitling or requiring amounts to be set off or credited; (h) governing the payments required under clause (a), (b), (c), (d) or (f), including methods for paying the amounts payable and when the payments must be made, and governing methods for determining amounts to be set off or credited, including the times within which amounts must or may be set off or credited; (i) for the purposes of this Act and the regulations, requiring persons who are electricity vendors or persons prescribed by the regulations to provide information to the Minister of Energy, Northern Development and Mines, the Minister of Finance, the IESO, the Board or licensed distributors and prescribing the information to be provided and when it must be provided; (j) governing the establishment and maintenance of variance accounts required for the purposes of this Act. 2016, c. 19, s. 5 (2); 2019, c. 6, Sched. 4, s. 6. Conflict with market rules and codes (3) In the event of a conflict, a regulation made under subsection (2) prevails over the market rules to the extent of the conflict and prevails over a code issued by the Board under section 70.1 of the
Ontario Energy Board Act, 1998 to the extent of the conflict. 2016, c. 19, s. 5 (3). Provision of information (4) A person may do anything required by a regulation made under clause (2) (i) despite any agreement to the contrary and, if the person does so, (a) the person is not liable for doing the thing in contravention of any agreement to the contrary; and (b) doing the thing is deemed not to constitute a breach, termination, repudiation or frustration of any contract. 2016, c. 19, s. 5 (4). Section Amendments with date in force (d/m/y) 2019, c. 6, Sched. 4, s. 6 – 01/11/2019 Limitation periods for financial assistance, reimbursement