The provincial government today released details surrounding the new Residential Energy Rebate that was announced as part of Budget 2011.
The new rebate was to come into effect on Oct. 1 to allow proper consultations with energy suppliers. Now, those who use furnace fuel, stove oil, propane, wood and wood products can take advantage of the rebate on Sept. 1 instead.
As originally planned, the rebate will be offered on electricity beginning on Oct. 1.
According to a news release, being equivalent to the eight per cent provincial component of the HST, the rebate is worth an estimated $38 million annually for residents.
The provincial government is also continuing to offer the successful Home Heating Rebate for lower income families which puts another $17 million per year back into the pockets of individuals and families with an annual income less than $40,000.
“With regards to furnace fuel, we consulted with suppliers and it was determined that many people, particularly those on automatic fill, receive delivery of fuel in the month of September for use in October and beyond,” said Finance Minister Tom Marshall. “Oil suppliers felt it was important to move the rebate start date to September 1 and our government listened.”
The release notes the Oct. 1 implementation date for electricity is appropriate since electricity is billed after it is used and electricity invoiced in October would normally include September usage.
Those who have furnace fuel, stove oil or propane delivered to their home by a participating supplier and who use electricity will see the rebate directly on their invoices and are not required to submit any proof or documentation to the provincial government.
Users who purchase from non-participating suppliers, operate a business at their residential address or use other forms of heat that are purchased from retail outlets in the province, such as wood pellets, will be required to save receipts and submit a claim form for reimbursement.
.jpg){kind=small}
.jpg){kind=small}
