Province Suspending Time-Of-Use Hydro Rates For 45 Days

Tuesday March 24th, 2020

Posted at 1:29pm

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Ontario is providing immediate electricity rate relief for families, small businesses and farms paying time-of-use rates.

For a 45-day period, the government is working to suspend time-of-use electricity rates, holding electricity prices to the off-peak rate of 10.1 cents-per-kilowatt-hour.

This reduced price will be available 24 hours per day, seven days a week to all time-of-use customers, who make up the majority of electricity consumers in the province. By switching to a fixed off-peak rate, time-of-use customers will see rate reductions of over 50% compared to on-peak rates.

“During this unprecedented time, we are providing much-needed relief to Ontarians, specifically helping those who are doing the right thing by staying home and small businesses that have closed or are seeing fewer customers,” said Premier Doug Ford. “By adopting a fixed, 24/7 off-peak rate, we are making things a little easier during these difficult times and putting more money in people’s pockets for other important priorities and necessities.”

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