NEWS
 
Hydro rates to rise on May 1st
Ontario Energy Board approves rate hike of about 3 dollars a month per home...
5 0

Be prepared; your hydro bill is on the way up.

The Ontario Energy Board approved the rate increase of 2.4%, which works out to about 3 dollars per month for the average home.

Over the course of a year, that will push bills higher by about 36 dollars.

When the prices change, the hours for mid-peak and on-peak prices also change to the summer time-of-use hours. The lowest-priced, off-peak period remains from 7 p.m. to 7 a.m. on weekdays and all day weekends and holidays.

Here's how much prices are set to rise for each of the time periods.

Category

Time(s) - Summer
(May 1-Oct. 31)

Price

Change

Off-peak

Weekdays 7pm-7am
All day weekends and holidays

7.5 ¢/kWh

(⇑0.3 cents)

Mid-peak

Weekdays 7-11am
and 5-7pm

11.2 ¢/kWh

(⇑0.3 cents)

On-Peak

Weekdays 11am-5pm

13.5 ¢/kWh

(⇑0.6 cents)

The Ontario Energy Board reviews electricity prices twice each year based on updated cost estimates.

Categories:

DON'T MISS

TED RADIO HOUR

Welcome to TED Radio Hour hosted by Guy Raz, Saturdays at 6pm and Sundays at 7pm

 
5 0

Be prepared; your hydro bill is on the way up.

The Ontario Energy Board approved the rate increase of 2.4%, which works out to about 3 dollars per month for the average home.

Over the course of a year, that will push bills higher by about 36 dollars.

When the prices change, the hours for mid-peak and on-peak prices also change to the summer time-of-use hours. The lowest-priced, off-peak period remains from 7 p.m. to 7 a.m. on weekdays and all day weekends and holidays.

Here's how much prices are set to rise for each of the time periods.

Category

Time(s) - Summer
(May 1-Oct. 31)

Price

Change

Off-peak

Weekdays 7pm-7am
All day weekends and holidays

7.5 ¢/kWh

(⇑0.3 cents)

Mid-peak

Weekdays 7-11am
and 5-7pm

11.2 ¢/kWh

(⇑0.3 cents)

On-Peak

Weekdays 11am-5pm

13.5 ¢/kWh

(⇑0.6 cents)

The Ontario Energy Board reviews electricity prices twice each year based on updated cost estimates.

Top stories

Officials say there are serious injuries, but couldn't say how many