Every Household In Ontario Will Now Get Cheaper Electricity For Even Longer
Good news for Ontario residents — you'll be paying less for your hydro for a little while longer.
Today, the province announced that it would be extending its off-peak electricity rates in Ontario for another 12 days.
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We are extending the off-peak electricity rate to provide households [...] with stable and predictable electricity bills when they need it most.
Greg Rickford, Minister of Energy
The current off-peak rate is 8.5 cents per kilowatt-hour.
This lower rate is currently applied 24 hours a day, seven days a week for customers with eligible hydro plans.
This rate initially came into effect on January 1, 2021, for a 28-day period.
Now, the program will be extended for an additional 12 days, until February 9. The program will have run for 40 days in total at the end of the extension.
"We know staying at home means using more electricity during the day when electricity prices are higher, that's why we are extending the off-peak electricity rate," said Rickford in the news release.
The off-peak price will be automatically applied to your hydro bill.