The increases announced by the Ontario Energy Board in April mean an average increase of between $4-6 for the average bill.The increases are blamed on the cost of modernizing the energy system to make it more environmentally-friendly.Coal fired plants are being phased out and replaced by natural gas, solar power and wind.The fee increases are as follows:
- Peak energy prices (11 a.m. to 5 p.m. weekdays) will increase 0.9 cents to 11.7 cents per kilowatt an hour (kWh)
- Mid-peak prices, (7-11 a.m. and 5-7 p.m. weekdays), will increase 0.8 cents to 10 cents per kWh
- Off-peak prices (7 p.m. to 7 a.m. weekdays and all day on weekends and holidays) will increase 0.3 cents to 6.5 cents per kWh
Visit the Ontario Energy Board’s website for more information.