Gerry Hyman has another article for the Toronto Star. Let’s discuss two of the questions:
QUESTION: We’ve seen an announcement that condominiums will be eligible for a proposed hydro rebate. Will our corporation be obligated to pass the rebate to the unit owners or can they place it in the operating fund?
ANSWER: You are correct that condominium corporations are eligible to receive the rebate. The Electricity Consumers Act 2016 states that the rebate is available to consumers who have an “eligible account,” which is defined to include properties within the meaning of the Condominium Act. The rebate relates to hydro fees paid by the corporation, which will not transfer it to the individual unit owners.


