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Hold on to your wallet — Ontario Hydro Rates to go up Again on May 1st.

Ontario Energy Board approves rate hike of about 3 dollars a month per home…

Dave Bradley — Newstalk 1010 — April 16, 2014

Be prepared; your hydro bill is on the way up.

The Ontario Energy Board approved the rate increase of 2.4%, which works out to about 3 dollars per month for the average home.

Over the course of a year, that will push bills higher by about 36 dollars.

When the prices change, the hours for mid-peak and on-peak prices also change to the summer time-of-use hours. The lowest-priced, off-peak period remains from 7 p.m. to 7 a.m. on weekdays and all day weekends and holidays.

Here’s how much prices are set to rise for each of the time periods.  Continue reading here to see time of use charts….


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