Peak energy prices rise for winter
Posted October 17, 2012 4:06 pm.
This article is more than 5 years old.
The price you pay for energy during the highest demand hours will rise starting Nov. 1.
The Ontario Energy Board says peak time-of-use prices will rise to 11.8 cents per kilowatt hour from the 11.7-cent summer rate.
During the winter season peak hours run from 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m.
However, off-peak and mid-peak prices are dropping.
Off-peak prices will drop from 6.5 cents per kilowatt hour and mid-peak prices goes from 10 cents to 9.9 cents.
Customers who use regulated tiered pricing will also see a slight drop in rates.
In May, hydro rates increased by about $4-$6 a month for most customers due to a change in supply cost as coal-generated power declines, the OEB said.
Liberal critics blamed the McGuinty government for not doing more to stop the increase.
“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.”
The prices are based on usage of 600 kilowatt hours per month during the summer and 1,000 kilowatt hours per month during the winter.
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