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Electricity rates to jump again Nov. 1

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TORONTO—Electricity rates are going up again in Ontario starting Nov. 1.

The Ontario Energy Board said the peak price for electricity—between 7 a.m. and 11 a.m. and from 5-7 p.m.—will rise by 1.4 cents to 17.5 cents a kilowatt hour.

The mid-peak price from 11 a.m.-5 p.m. will rise by 0.6 cents to 12.8 cents a kw/h.

And the off-peak rate from 7 p.m.-7 a.m., and all day weekends and holidays, jumps 0.3 cents to 8.3 cents a kw/h—less than half the on-peak price.

The energy board said the increases will add about $4.42 to the electricity line on the average monthly electricity bill for a household that uses about 800 kw/h a month.

It noted about 40 percent of the rate increase is because of increased costs from Ontario Power Generation’s nuclear and hydro-electric generating stations.

The board sets electricity prices every May and December, and changes the hours for peak and off-peak pricing to reflect the shorter daylight periods in winter.

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