The province is scaling back hydro rates for families, farms, and small businesses in Ontario. Queen’s Park is working to suspend time-of-use electricity rates, holding prices to the standard off-peak rate of 10.1 cents-per-kilowatt-hour. This reduced price is expected to be in place 24 hours a day, seven days a week, for the next 45 days.
“During this unprecedented time, we are providing much-needed relief to Ontarians, specifically helping those who are doing the right thing by staying home and small businesses that have closed or are seeing fewer customers,” said Premier Doug Ford. “
By adopting a fixed, 24/7 off-peak rate, we are making things a little easier during these difficult times and putting more money in people’s pockets for other important priorities and necessities.”
By switching to a fixed off-peak rate, time-of-use customers will see rate reductions of over 50 per cent compared to on-peak rates.