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New Ontario Consumer electricity rates November 1,2013

New Ontario Consumer electricity rates November 1,2013

As the new winter rate schedule comes into effect today, it also comes with a set of new rates approved by the Ontario Energy Board.  An increase of 0.5 cents was applied to all rates.

New Ontario Rates

The increases are related to the increase in price of natural gas used to generate some of Ontario's electricity. One other major factor relating to the increase in prices is the way the energy board sets its prices.  It must estimate the cost of electricity for a 6 months period during that time.  Rate reviews happen every 6 months so if an overcharge does occur it will be credited back to us in the next rate review.