News Provincial

Hydro rates not rising for first time since 2008

The Canadian Press

Ontario smart meter. (Dave Abel/Toronto Sun files)

Ontario smart meter. (Dave Abel/Toronto Sun files)

TORONTO - 

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 p.m. to 7 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 a.m. until 5 p.m. weekdays, while on-peak hours will be 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m. weekdays.

Meanwhile, MPPs on Wednesday passed legislation — announced in the throne speech in September — that will rebate the provincial portion of the HST, aka 8%, from electricity bills as of Jam. 1, 2017.

The government says the move will mean an average savings of about $130 annually or $11 each month, for about five million residential consumers, farms and small businesses.

Rural electricity ratepayers will see their bills drop by an average of $540 a year or $45 each month. 



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