Ontario Electricity News
Electricity Rates Rise Again
ONTARIO ENERGY BOARD - APRIL 21, 2015
In addition to increasing rates, yet again, the Ontario Energy Board has adopted a new policy of setting the peak rate at more than double the off-peak rate. On May 1, 2015 rates will increase an average of 4.6%. That's over 9% annualized. Ontario now has the distinction of having nearly the highest electricity rate among the provinces, second only to PEI which only produces electricity from wind and imports most of its power. The new peak rate increases to 16.1 cents/kWh, that's the price you will pay from 11:00 AM to 5:00 PM during the week unless you sign a contract with a supplier like Canada Energy that offers a fixed rate that does not vary by time of use.