You won’t need to turn the heat on today, but Hydro One’s Time-of-Use schedule has changed for when you do.
The Ontario Energy Board announced last month it wasn’t raising hydro rates for residential customers for the first time in eight years. Hydro One is reminding customers the fall and winter time-of-use schedule starts November 1st, 2016 and runs until April 30th, 2017.
Tuesday’s forecast called for a high of 20 degrees in London, feeling like 25 with the humidex, providing a minor delay to anyone looking at turning on the heat.
The winter/fall time-of-use schedule will be as follows:
On-peak: 7 a.m. – 11 a.m.; 5 p.m. – 7 p.m.
Mid-peak: 11 a.m. – 5 p.m.
Off-peak pricing: 7 p.m. – 7 a.m.; all weekends and statutory holidays.
Last month’s decision to hold the line on electricity prices came a day after Ontario’s Energy Minister Glenn Thibeault announced the provincial government has passed legislation to remove the provincial portion of the HST from electricity bills effective Jan. 1, 2017.
The government estimates the benefit received from the HST rebate will save average residential customers in Ontario $11 a month on their electricity bills – or roughly $130 a year.
In total, the legislation will impact the monthly bills of more than five million residential customers in the province and cost upwards of $1 billion annually.
Electricity prices have been a major issue in Ontario lately with the governing Liberals facing increased pressure to provide Ontarians with relief due to rising rates.
The average Ontario household using around 800 kwH monthly has seen the cost of electricity rise by about $30.76 a month since May 2012. Not included in that amount is the 10% increase customers saw when the Ontario Clean Energy Benefit was eliminated in January.