Cornwall ON – Hydro rates are about to go up in Ontario. With coal generation not a prime choice and slated to end alternative energy sources are being invested in. These and increasing energy costs have led to what some media sources are reporting increases to Ontario consumers for as much as 12%.
Consumers now pay 5.8 cents a kwh for the first 600 kwh they use each month in the summer, or the first 1,000 kwh in the winter. Starting May 1, that price rises to 6.5 cents a kwh.
Beyond those threshholds, consumers now pay 6.7 cents a kwh. Starting May 1, they’ll pay 7.5 cents.
The price increase doesn’t stop there.
Many consumers are now being switched to time-of-use rates, which charge more for power used during peak periods, and less for power used during off-peak periods such as weekends and after 9 p.m.
The new price schedule will boost the off-peak rate to 5.3 cents a kwh from 4.4 cents – a hike of 20 per cent – while the peak rate rises to 9.9 cents from 9.3 cents.
We in Cornwall are a bit insulated as our electricity comes from Quebec, but there have been increases in Quebec as well.
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