Energy Marketer Newsletter

March 27, 2026
Information for Energy Marketers

Enbridge Gas Receives Ontario Energy Board Approval for Rate Changes Effective April 1, 2026

Enbridge Gas recently received approval from the Ontario Energy Board (OEB) for rate changes effective April 1, 2026, following the OEB’s Decision and Order issued on March 24, 2026 (EB-2026-0091). These changes were brought forward to the OEB as part of the Quarterly Rate Adjustment Mechanism (QRAM), which updates natural gas market prices that are passed down to customers without markup.

In alignment with the OEB-approved QRAM methodology, the April 1, 2026 rate changes reflect the following updates to commodity reference prices and market conditions:

• Key Elements and Requests of the Application
  • PGVA Reference Price decrease to $189.466/10³m³ ($4.848/GJ @39.08 MJ/m³)
  • WARP decrease to $166.536/10³m³ ($4.261/GJ @ 39.08 MJ/m³)
  • Alberta Border Reference Price decrease to $2.670/GJ
  • Dawn Reference Price decrease to $4.535/GJ

• Commodity/Bill Impact Market Drivers Summary
  • Forecast natural gas prices have decreased relative to January 2026 QRAM forecasts across all purchase locations.
  • Since the January 2026 QRAM, forward NYMEX natural gas prices have been trending downward.
  • The foreign exchange has decreased (Canadian dollar as strengthened).

OEB Notification Letter and Rate Mitigation
No letter was filed with the OEB for the April projection as the commodity bill decrease did not exceed an increase or decrease of 25%. The final 21-day strip resulted in a further decrease to commodity prices, which exceeds a 25% commodity bill decrease for the EGD and Union NW rate zones. As per the board guidelines, no mitigation is required as this results in a decrease to customer bills compared to the January QRAM.

EGD Rate Zone
Relevant to the EGD rate zone, the proposed EGD Rate Zone Purchased Gas Variance Account Reference Price (PGVA Reference Price) is $189.466/10³m³ ($4.848/GJ @ 39.08 MJ/m³), representing a decrease of $26.773/10³m³ ($0.685/GJ @ 39.08 MJ/m³).

Union Rate Zones
Relevant to the Union rate zones, the proposed Alberta Border Reference Price, based on the current 21-day strip price, is $2.670/GJ. This represents a decrease of $0.802/GJ. The proposed Dawn Reference Price, based on the current 21-day strip price, is $4.535/GJ. This represents a decrease of $0.715/GJ. Enbridge Gas is also proposing to prospectively dispose of a gas cost deferral account balance specific to the Union rate zones of $53.252 million.

All changes are reflected in the rates highlighted below.

Information for EGD Rate Zone Customers

Utility Sales

Transportation Charges

Delivery Rates
The following changes to delivery rates reflect quarterly updates to gas costs in delivery rates (unaccounted for gas and own use gas). This can be found on the “Delivery” line of the invoice.

Load Balancing Charges
The following changes to load balancing rates reflect quarterly updates to gas costs in load balancing rates (carrying costs of gas in inventory). This can be found on the “Load Balancing” line of the invoice.

Rate 6 will also be changing effective April 1, 2026. Customers can find current information on our website.

Information for Union North Rate Zone Customers

Delivery Rates
The following changes to delivery rates reflect quarterly updates to gas costs (compressor fuel, unaccounted for gas, own use gas, and carrying costs of gas in inventory). This can be found on the “Delivery” line of the invoice.

Rate 01 and Rate 10 Customers
Rate 01 and Rate 10 will also be changing effective April 1, 2026. Customers can find current information on these rates on our website.

Information for Union South Rate Zone Customers

Utility Sales

Delivery Rates
The following changes to delivery rates reflect quarterly updates to gas costs (compressor fuel, unaccounted for gas, and carrying costs of gas in inventory). This can be found on the “Delivery” line of the invoice.

Rate M1 and Rate M2 Customers
Rate M1 and Rate M2 will also be changing effective April 1, 2026. Customers can find current information on these rates on our website.

Full details of this filing (EB-2026-0091) can be found on our website.

If you have any questions about the material in this newsletter, please contact Rob DiMaria.

The New Enerline Hub Launch Update

Enbridge Gas has updated the launch timeline for the new Enerline Hub, which is now planned to go live in Q3 2027.

This revised timeline reflects our decision to align system modernization with the implementation of harmonized rates and services (subject to Ontario Energy Board Approval), allowing us to deliver a more integrated and seamless experience for contract customers.

Training timelines for these changes will be shared in Q3 2026. For the latest updates and support, visit The New Enerline webpage or contact your account representative.

2023 DSM Deferral & Variance Account Update – Effective July 1, 2026

The Ontario Energy Board (OEB) recently approved Enbridge Gas’s 2023 Demand Side Management (DSM) Deferral and Variance Account balances (EB-2025-0189). These OEB approved DSM amounts will be applied as a one time billing adjustment effective July 1, 2026, as part of the next Quarterly Rate Adjustment Mechanism (QRAM).

This timing reflects the OEB’s review schedule, which extended past the April 1 implementation window. The adjustment will apply to customers based on their actual 2023 consumption amounts.

Customers will see the DSM adjustment automatically reflected on their July invoices.

For more information, view the full OEB Decision for the 2023 DSM Deferral and Variance Accounts (EB-2025-0189) available on our website, or contact your account representative.