Hydro bills are will start looking a little different for Ontarians now. An Ontario hydro rate increase is now in effect and it makes your bills more expensive. So you might want to just wear a lot of layers instead of turning on the heat early.
On November 1, an increase of about $2, or 1.8 percent, for a typical residential customer who uses 700 kilowatt hours per month came into effect. These new prices are for households and small businesses only.
That might not seem like a lot of money each month but with the weather getting colder now people will be using more hydro so people could see more than a $2 increase on their bills every month.
"Our government is delivering on its promise to fix the hydro mess and bring more transparent electricity bills to Ontarians. We've taken action to remove hundreds of millions of dollars in costs from the electricity system, and we continue to work to find more savings," said Greg Rickford, Ontario's energy minister, in a news release back in October about the changes to hydro bills.
Despite the government saying that it removed millions of dollars in electricity costs, hydro rates are still going up. According to the Ontario Energy Board, the rate increase is in line with the rate of inflation.
Along with the rate increase, winter time-of-use hours also came into effect on November 1. So the amount you pay for hydro usage during certain times of the day will increase also.
In an Ontario subreddit, one user posted about the increased hydro rates. As people discussed the pros and cons of rate increases and rebates, some even started talking about switching to solar energy.
"Do you want a solar panel revolution? Because this is how you get a solar panel revolution," one Reddit user said.
During the provincial election campaign, Doug Ford promised he would cut hydro rates if elected which would put money back into the pockets of Ontarians.
According to Global News, the increase in hydro prices is partly because of government legislation to show the actual costs on bills and partly because of refurbishment of nuclear facilities.
"People deserve facts and accountability, especially when it comes to hydro costs," said Rickford.
Going forward, Ontario hydro bills will have extra lines that show provincial rebates and the true cost of hydro.