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Electricity Prices Have Risen in Toronto

Posted by James Memije on Nov 2, 2015 10:04:39 AM

 

Along with an increase on beer prices, on November 1st, the rate hike in Ontario went into effect. Torontonians will be forced to pay higher electricity rates across the board. “Across the board” means that the rate is increasing for all of the different time “peaks”:

  • Off-peak hours increase by 0.3 cents per kWh.
  • Mid-peak hours increase 0.6 cents per kWh.
  • On-peak hours increase 1.4 per kWh.

 

For your reference:

  • Off-peak: Weekdays 7pm to 7am and all-day weekends.
  • Mid-peak: Weekdays 11am to 5pm.
  • On-peak: All other times.

 

In addition, rates will go up again on January 1st. Your current electricity rates are discounted 10% until January 1st due to the clean energy bill, which expires in 2016. So the next two months will be your chance to practice energy conservation for (at least) the sake of your electricity bill.

 

Our biggest tip to homeowners is to optimize those off-peak hours, as you’ll save nearly 50% on energy used during those hours vs. on-peak hours. Be creative. Schedule laundry for the weekends, for example. Or try to get up earlier and stay out a bit longer after work to avoid the dreaded 5-to-7 at night, when electricity prices are at their highest.

 

Call us now for more details on how to save on electricity this winter!