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This enactment establishes an Energy Price Commission to regulate
the wholesale and retail price of motor fuels including diesel and
propane, heating oil and electric power. The purpose of price regulation
is to avoid unreasonable increases that affect the cost of living and
depress business activity. In settings energy prices, the Commission is
required to consider the public interest in having reasonable and
consistent energy prices, the quality of the environment and the
reasonable costs of those who provide the energy.
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Existing supply contracts are exempt for the first year.
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The enactment will facilitate reasonable consistency in prices from
province to province, allowing for production and distribution costs.
The regulation further minimizes the risk of collusion in pricing and
prevents dominant suppliers from setting unreasonable prices.
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The enactment also links the issue of price control to competition.
Any investigation of an alleged offence under the Competition Act that
is related to energy pricing is remitted by the Competition Tribunal to
the Commission for investigation and a report to the Tribunal before it
makes a determination or order on the matter.
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