Ontario residents will start paying more for electricity as of Tuesday.
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:
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.
1 Comment User Comments
Add a commentRainbowRay
May 1, 2012
2:54 pm
I’m all in favor of making the environment more friendly with coal fire plants being replaced (Mcguinty closed one in Mississagua a few years ago; nobody there complained about that; I believe they welcomed it). Who knows, people will benefit more in the long run with a more “eco friendly” energy system, don’t you think? Then think of “global warming” ( I think it would help decrease emissions from those plants by eliminating them in the first place). What do you think? Four to six bucks I don’t think is going to be that bif of a deal when you think of the benefits environmentally and in the pocket books in the long run. Time wil tell.
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