Cost of Ontario electricity to be set at off-peak rates for three weeks

As the Omicron variant continues to impact Ontarians, the provincial government has announced electricity-rate relief. For 21 days, starting at 12:01 am on Tuesday, January 18, 2022, electricity prices will be set 24 hours per day at the current off-peak rate of 8.2 cents per kilowatt-hour. That’s half the cost of current on-peak rates.

 

The January 7 news release says that the off-peak rate will apply automatically to residential customers, small businesses and farmers who pay regulated rates set by the Ontario Energy Board and get a bill from a utility. The rate cut should benefit customers on both Time-of-Use and Tiered rate plans.

 

“We know that spending more time at home means using more electricity during the day when prices are higher, that’s why we are moving to off-peak electricity rates 24 hours per day, seven days a week,” said Todd Smith, Ontario Minister of Energy. “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.”

 

For more details, link here: https://bit.ly/3naqAHY

 

Source: Ontario Ministry of Energy January 7, 2022 news release

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