The Ford government has extended the suspension of time-of-use pricing for electricity until October 31.
It has introduced a COVID-19 Recovery Rate of 12.8 cents per kWh.
“As Ontarians continue to work and learn from home, we are extending the suspension of time-of-use price to provide consumers with greater stability and predictability with their electricity bills.”– Greg Rickford, Minister of Energy, Northern Development and Mines
The new rate will be automatically applied June 1 to all time-of-use customers 24 hours a day, 7 days a week.
The 12.8¢/kWh is based on the average cost of electricity set by the Ontario Energy Board.
The government suspended time-of-use pricing on March 24 opting to charge the off-peak rate of 10.1 cents per kWh around-the-clock, “to protect the people of Ontario from a marked increase in electricity rates as they did their part by staying home to prevent the further spread of the virus,” said Rickford.
Prior to the COVID-19 outbreak time-of-use rates were as follows: