Break in hydro rates coming up
Hydro rates will be frozen to help out during the COVID shutdown. Photo by Matthew Henry and used with permission.
The provincial government will provide a break in hydro rates due to COVID-19.
The Ford government will provide electricity-rate relief to support small businesses, as well as workers and families spending more time at home while the province is in Modified Step Two.
Energy minister Todd Smith says as of midnight, January 18th, electricity prices will be set at the current off-peak rate of 8.2 cents per kilowatt-hour all day for 21 days.
He adds the rate will apply automatically to residential, small businesses and farms who pay regulated rates set by the Ontario Energy Board and get a bill from a utility bill
Smith says adding the off-peak rate will provide immediate savings for families, small businesses and farms as all Ontarians work together to slow the spread of the Omicron variant.