Price hikes will add $4 a month to the average bill, Ontario Energy Board estimates
As of Nov. 1, the regulated price of electricity is going up 0.5 cents per kilowatt hour across the province for households and small businesses.
The Ontario Energy Board, which sets the prices, estimates that will translate into an extra $4 a month for an average household, or a three per cent increase.
The new hydro rates will still be applied according to time of use for the vast majority of consumers, but using the price schedule for winter months:
7.2 cents/kwh from 7 p.m. to 7 a.m.
12.9 c/kwh from 7 a.m. to 11 a.m.
10.9 c/kwh from 11 a.m. to 5 p.m.
12.9 c/kwh from 5 p.m. to 7 p.m.
Weekends and statutory holidays have a flat rate of 7.2 c/kwh (more...)
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