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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….

hydro-meter-1

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