Energy Announcement

Summary

Today at 1:00 p.m. our government  announced immediate relief for Ontario’s time-of-use electricity consumers.  Effective today, time-of-use electricity prices will be held to the off-peak price of 10.1 cents/kWh for 24 hours a day for the next 45 days. This announcement represents a $165 million dollar investment from our government.

Key Messages

  • We would like to thank the people of Ontario for following the best advice of health professionals and practicing social distancing.
  • We recognize that staying home means using more electricity during the day. That’s why we’re investing $165 million to hold time-of-use electricity prices at the lowest price, known as the off-peak price, 24 hours a day for the next 45 days.
  • For the next 45-days, residents, small businesses and farms which are currently paying time-of-use electricity rates will be charged the off-peak electricity rate (10.1 cent/kWh) at all hours of the day.
  • No action is required by electricity consumers: this change will happen automatically for everyone paying time-of-use rates (TOU) effective Tuesday, March 24, 2020.
  • We thank the Local Distribution Companies, the Independent Electricity System Operator and the Ontario Energy Board for their immediate efforts to make this change.

News Links

English: https://news.ontario.ca/en/release/56451/ontario-providing-electricity-relief-to-families-small-businesses-and-farms-during-covid-19