1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Electricity rates won’t be going up until May 2017

THE CANADIAN PRESS | posted Thursday, Oct 20th, 2016

hydro-smart-meters

For the first time in eight years, electricity rates in Ontario will not rise on Nov. 1.

The Ontario Energy Board sets rates for customers on time-of-use pricing every May and November, when it also changes the hours for peak and off-peak rates.

The board says it is holding the line on rates for about five million Ontario households and small business customers next month for the first time since 2008.

Electricity customers will continue paying the same rates they’ve had since last May until May 2017.

The off-peak rate of 8.7 cents a kilowatt hour is less than half the on-peak rate of 18 cents per kwh, and off-peak hours expand to 7:00 p.m. to 7:00 a.m. weekdays and all day weekends and holidays starting next month.

Mid-peak hours, which cost 13.2 cents a kwh, will run from 11:00 a.m. until 5:00 p.m. weekdays, while on-peak hours will be 7:00 a.m. to 11:00 a.m. and 5:00 p.m. to 7:00 p.m. weekdays.

Comments

  • No comments have been left yet, get the conversation started!

Leave a Comment Below

Sign in to comment.

All fields are required.

Want to embed media into your comment? Just paste in a URL in a separate paragraph to the page where you would normally view the media (like on YouTube) and it will automatically be embedded into your comment.