Canadian Manufacturing

Ontario energy prices set to jump again

The Ontario Energy Board says about 40 per cent of the rate increase is due to increased costs from nuclear and hydro-electric generating stations

TORONTO—Electricity rates are going up again in Ontario starting Nov. 1.

The Ontario Energy Board says the peak price for electricity—between 7 a.m. and 11 a.m. and from 5 p.m. to 7 p.m.—will rise by 1.4 cents to 17.5 cents a kilowatt hour.

The mid-peak price from 11 a.m. to 5 p.m. will rise by 0.6 cents to 12.8 cents a kw/h.

And the off-peak rate from 7 p.m. to 7 a.m. and all day weekends and holidays jumps 0.3 cents to 8.3 cents a kwh, less than half the on-peak price.

The energy board says the increases will add about $4.42 to the electricity line on the average monthly electricity bill for a household that uses about 800 kwh a month.

It says about 40 per cent of the rate increase is because of increased costs from Ontario Power Generation’s nuclear and hydro-electric generating stations.

The board sets electricity prices every May and December and changes the hours for peak and off-peak pricing to reflect the shorter daylight periods in winter.

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