COVID-19: Ontario Reduces Electricity Prices by Changing Day Time Rates For 45 Days

imageAs the province and the country continue to reel under the economic pressures brought on by COVID-19 pandemic, Premier Doug Ford has announced that the government is providing immediate electricity rate relief for families, small businesses and farms paying time-of-use (TOU) rates.

Premier Doug Ford said that reduction of time-of-use electricity rates to off-peak rates will save a family about $20 a month.

Temporary Change: Electricity Rate Relief

Time-of-use prices as of November, 2019 ― Off-Peak: 10.1₵/kWh, Mid-Peak: 14.4₵/kWh, On-Peak: 20.8₵/kWh

  • For a 45-day period, the government is suspending time-of-use electricity rates, holding electricity prices to the off-peak rate of 10.1 cents-per-kilowatt-hour.
  • This reduced price will be available 24 hours per day, seven days a week to all time-of-use customers.
  • By switching to a fixed off-peak rate, time-of-use customers will see rate reductions of over 50 per cent compared to on-peak rates.
  • This discount will be applied automatically to electricity bills without the need for customers to fill out an application form.
  • Depending on billing cycles, some customers will see these changes on their next electricity bill. TOU customers whose billing cycle ended before their local distribution company implemented this change will receive the reduced rate as a credit on a future bill.
  • The Ontario Electricity Rebate (OER) will continue to provide a 31.8 per cent rebate on the sub-total bill amount for all existing Regulated Price Plan (RPP) consumers.

Premier Doug Ford said, “By adopting a fixed, 24/7 off-peak rate, we are making things a little easier during these difficult times and putting more money in people’s pockets for other important priorities and necessities.”

You may like:List of Essential Services That Can Remain Open in Ontario

The Ontario Energy Board has extended the winter ban on disconnections to July 31st.

Posts Information

  • : 38,30,39,31,32,24,23,11,34,6
  • One Comment

    Page 1 of 1
    1. laarkaylor

      All news is never bad some news is good.

      April 22, 2020 at 9:24 AM

    Leave a Reply