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Hydro One Calling For PrePaid Meters

AM800-News-Hydro-Pole-Power-Stock-Photo-1-1.2691011 Power Lines with Transformer (A hydro pole is seen in this stock photo. (Photo courtesy iStock/MikeFeraco))

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The proposal also asks for a rate increase of 0.5 this year and 4.8 next year

Hydro One is considering allowing its customers to use pre-paid meters for their electricity use.

The proposal is contained within a massive Ontario Energy Board application, which also asks for a rate increase of 0.5% this year and 4.8% next year.

The application says the pre-paid meters would minimize Hydro One's financial risk by requiring customers to pay for energy before using it, in particular for customers who are deemed to be a high collection risk.

But Hydro One's Executive Vice President of Customer Care and Corporate Affairs says it would not be used as a collection tool.

Ferio Pugliese says if the OEB allows Hydro One to move forward with pre-paid meters, they would be offered to customers as a choice and wouldn't be forced upon anyone.

He also says, despite language in Hydro One's application, that customers would not be disconnected once their pre-payment ran out.

- with files from the Canadian Press