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.
