Thursday, April 24, 2014

Province to Eliminate Hydro Debt Retirement Charge

The much-hated hydro debt retirement charge could soon be a thing of the past.

The Liberal government is promising to get rid of the debt retirement line on residential
electricity bills by the end of 2015.

Energy Minister Bob Chirelli says the average home-owner could save about five dollars and 60 cents a month.

The charge will remain for other customers like large industrial users until the debt is retired, sometime in 2018.