Rising Energy Rates (again) – Oct 2015

Toronto, Ontario, Canada. November 1st 2015 will usher in an increase in current energy rates.

The Ontario Energy Board (OEB) states that the increases are mostly due to increased operating cost at Ontario Power Generation’s (OPG) nuclear and hydroelectric generating stations

The new rates command a higher price for on peak electricity; (7 am – 11 am) will rise by 1.4 cents to 17.5 cents a kilowatt hour (kWh).

The mid-peak price from (11 am – 5 pm) will rise by 0.6 cents to 12.8 cents a kWh.

The off-peak rate from (7 pm – 7 am, all day weekends and holidays) jumps 0.3 cents to 8.3 cents a kWh, a little less than half the on-peak price.

The energy board says the increases will add roughly  $4.50 to the electricity cost on the average monthly electricity bill for a household that uses about 800 kWh a month.

A strong conservation plan is essentially the only way to ensure that you are unaffected by rising energy costs. At EnerScope we are here to assist.