HYDRO PRICES HEADING UP - AGAIN

Apr 20, 2015

By Michael Kramer

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We’ll soon be paying more than TWICE as much to do a load in the dishwasher – or do some laundry – during peak electricity periods – than off-peak times.

Starting May first, the price for electricty during peak periods weekdays – 11am until 5 pm – will be 16-cents a kilowatt hour.

That compares with 8-cents for off-peak weekdays – from 7pm until 7am – and all day on weekends and holidays.

The mid-peak rate – of just over 12-cents a kilowatt hour – will apply weekdays from 7am to 11am and between 5 and 7pm.

The Ontario Energy Board figures the change will add close to 6-dollars to the average monthly residential electricity bill.

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