Peak Electricity Prices To Rise
Peak electricity prices are going up on November 1st according to the Ontario Energy Board (OEB).
However, it says your bills should be going down given off-peak and mid-peak prices will be shrinking.
The peak price will rise 0.1 cents to 11.8 cents/kWh. At off-peak times, the price falls 0.2 cents to 6.3 cents/kWh and the mid-peak price will go down 0.1 cents to 9.9 cents/kWh.
Sine the OEB says most people use 64 per cent of their electricity during off-peak hours, you may save a little when your bill comes in the mail.