New Ontario Electricity Rate Relief Measures Announced

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New electricity rate relief measures are being rolled out during the COVID-19 outbreak.

The Ontario Government announced Saturday that they will introduce a fixed electricity price, known as the COVID-19 Recovery Rate, of 12.8 cents per kWh, which will be automatically applied to all time-of-use customers 24 hours a day, 7 days a week.

The COVID-19 Recovery Rate is based on the average cost of electricity, set by the Ontario Energy Board. This fixed rate will continue to suspend time-of-use prices.

This fixed electricity price will be in place from June 1st to October 31st, 2020.

More information on the COVID-19 Recovery Rate will be announced at the Premier’s daily briefing on Monday, June 1st, 2020.