Hydro rates higher starting today November 1, 2015
Keeping the lights on will cost you more as of today. Ontario Energy Board increasing Hydro rates
The price is increasing by approximately $4.42 per month on the “electricity” line, and about 3.4 per cent on the total bill, for a household that consumes 800 kWh per month, the Ontario Energy Board states. Electricity prices make up about 60 per cent of the total bill of households using 800 kWh/month.
The new price for peak time (weekdays, 7 a.m.-11 a.m. and 5 p.m.-7 p.m.) is 17.5 cents per Kwh, up 1.4 cents. For off-peak time (weekdays, 7 p.m.-7 a.m., weekends and holidays) it will be 8.3 cents per kWh, up 0.3 cents.
The off-peak price remains less than half the on-peak price. This means customers who shift use to evenings and weekends save 9 cents per kWh. The typical Ontario time-of-use household uses about two-thirds of its power during off-peak hours, and the off-peak price remains largely unchanged.
For more information visit Electricity Prices Ontario
