Quote:
Originally Posted by DoubleK
The electricity rate cap ends April 1.
If you are on the Regulated Rate Option (RRO), and I really hope you aren't, you will see a line item on your bill soon that will be going towards paying down the $200M that was accumulated during the time the rate cap was in place.
This money will be paid back over the next 21 months.
If you are on the floating rate, you can lock your rate in with your electricity retailer.
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I just want to make sure that I'm not on RRO...so I would've had to apply for that or something, right? Like on my Enmax it doesn't say that I am, so I assume that I'm fine?
I just think that people on that option are going to get hammered with the pay back.