Wednesday, April 10, 2013

Electricity Rate Increase

Homeowners in Northwestern Ontario will be paying more for electricity.

The Ontario Energy Board announced this week that new prices apply to most households and small businesses.

The price for off-peak electricity will go up to 6.7 cents per kilowatt hour from the current 6.3 cent rate, while mid-peak power will cost 10.4 cents, up from 9.9 cents.

Electricity used in the peak period, which is weekdays from 11 a.m. to 5 p.m., is also increasing to 12.4 cents per kwh, a 0.6 cent jump.

The board says the higher rates will add an additional $3.63 to the monthly bill of typical households, who use nearly two-thirds of their power in off-peak hours.

The change comes into effect May 1st.