Electricity prices to rise in May: Ontario Energy Board
Posted April 19, 2012 3:08 pm.
This article is more than 5 years old.
Electricity prices will rise May 1, the Ontario Energy Board warned.
Residential and small business customers who are part of the Regulated Price Plan will see peak-hour prices increase by nearly a penny per kilowatt hour.
For most customers, the OEB said, their total bill will go up by about $4-$6 a month. The increase is due to a change in supply costs as coal-generated power declines, the OEB said.
“The Liberals…are focused on private power deals, on new nuclear and new gas,” NDP energy critic Peter Tabuns said.
“That is having a big impact on household bills.”
Energy minister Chris Bentley said the provincial government is working to modernize the energy grid.
“We’ve reduced brownouts and we’re cleaning the air. That does cost money,” Bentley told CityNews.
The OEB said prices are reviewed twice a year and are adjusted on May 1 and November 1.
Here’s how the increase breaks down:
On-peak hours (from 11 a.m. to 5 p.m. weekdays) will increase 0.9 cents to 11.7 cents/kilowatt hour.
Mid-peak hours (from 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m. on weekdays will increase 0.8 cents to 10 cents/kilowatt hour.
Off-peak hours (from 7 p.m. to 7 a.m. weekdays and all day on weekends and holidays) will increase 0.3 cents to 6.5 cents/kilowatt hour.
