The cost of electricity service had been falling since the pandemic began.
Rodrigo Diaz M.
According to the Ontario Energy Board, since Ontario Premier Doug Ford took office in June 2018, the cost of electricity for average homes has risen about 1.8%.
Now, as of Sunday, November 1, rates will rise again by 2% more compared to prices before the pandemic.
The discount on electricity service rates implemented by the government due to COVID will also expire tomorrow, Saturday, October 31.
This means that approximately five million residential and small business customers with “time of use” billing could see a spike in their next monthly electric bill, especially if they use their electricity in the morning and afternoon during peak hours.
Under the government’s COVID-19 pricing plan, hydro rates were set at 10.1 cents per kilowatt-hour of electricity for customers on the time-of-use plan, regardless of the time of day. The government then raised prices under the plan to 12.8 cents per kilowatt-hour as of June 1.
However, Ontarians can now choose not to bill for airtime in favor of a flat rate based on the amount of electricity they use. This option could save some customers money, depending on their spending habits.