MEMBER UPDATE: March 24, 10:00AM
Hydro Rates to Remain at Off-Peak Hours for 45 Days
At an announcement today, the Province will charge customers lower hydro rates for the next 45 days to offset higher electricity costs as more people work from home, self-isolate or lose their jobs.
The Ontario Energy Board is also extending the current ban on electricity disconnection for households and small businesses to July 31.
As of today, rates will be lowered to current off-peak overnight and weekend charges: 10.1 cents per kilowatt hour.
Currently, mid-peak rates are 14.4 cents and on-peak rates are 20.8 cents. On-peak hours are 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m. on weekdays, while off-peak hours are 7 p.m. to 7 a.m., including weekends and holidays.
The provincial government estimates families will save more than $20 per month, while small businesses will save $150 and farms will save more than $300.
Want to find even more savings? Contact firstname.lastname@example.org to see how you can make your dollar go further.