Don't forget to turn off your lights! Ontario hydro rates are about to get more expensive.
According to the Ontario Energy Board, residents and small businesses will resume paying time-of-use (TOU) pricing (which refers to when the energy is used) as of February 23, 2021.
We will be moving customers back to the standard tiered and time-of-use rates beginning at 12:00 a.m. on Tuesday, February 23, 2021.
Alexander Puddifant, Office of The Minister of Energy
The increase in pricing comes after Ontarians have been paying the off-peak rate of 8.5 cents per kilowatt-hour since January 1, 2021.
Now, with time-of-use prices reinstated, residents could be paying a whopping 17.6 cents per kilowatt-hour if used during on-peak times (weekdays 7– 11 a.m. and 5 – 7 p.m.).
Mid-peak hours, which occur on weekdays from 11 a.m until 5 p.m., will now cost you 11.9 cents per kilowatt-hour.
If customers are on tiered pricing, they can expect to pay 10.1 cents per kilowatt-hour for the first 1,000 kWh they use a month.
A spokesperson from the Office of the Minister of Energy told Narcity that residents are being moved back to the standard pricing as most regions come out of the stay-at-home order.
Residents who are unable to pay their electricity bills due to the pandemic can still apply to the COVID-19 Energy Assistance Program (CEAP).