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Ontario Consumer electricity rates will see a 5% increase in May
This news came out on April 5, 2013.  Here are some important quotes that we found from the article. ... read more
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Headlines

Ontario Consumer electricity rates will see a 5% increase in May

This news came out on April 5, 2013.  Here are some important quotes that we found from the article.


“The Auditor General has told us prices would increase 46 per cent by 2015, and sadly today, we’ve seen more evidence they’re well on their way,” said Fedeli.
...

He noted that the rate increase came on the same day that Ontario learned it had lost 58,000 jobs in March. Higher energy prices are part of the reason, he said.
...
The wholesale market price of electricity has averaged about 3 cents a kwh.

But private firms that provide gas-fired plants or renewable power all hold contracts with the power authority for prices considerable higher than the current market price.
...
To collect the money to pay for those contracts, the power authority adds a surcharge called the “global adjustment.” (The global adjustment is already rolled into time-of-use prices.)

The global adjustment is now higher than the market price. It has averaged about 5 cents a kilowatt hour so far this year."


This article is proof that currently we are paying more than we should per KWh of electricity.  This in turn has an effect on our over all economy and thus every business which uses more than a MWh per year on electricity for lighting will benefit from switching over to LED lighting.  With a maximum savings of 90% in power(and a minimum of 50% depending on your current lighting installed) it will pay for itself in a couple of years(which depends on hours of operation).

Source: http://www.thestar.com/business/2013/04/05/consumer_electricity_rates_going_up.html