BY ANTONELLA ARTUSO, TORONTO SUN; SUNDAY, MAY 01, 2016
Power to the people comes with an ever steeper price.
Ontario electricity rates continue to surge in an upward trend that is far easier to predict than the wind gusts necessary to drive the province’s renewable energy turbines.
As a result of increases that kicked in May 1, the off-peak rate (weekends and holidays, and weekdays 7 p.m.-7 a.m.) is now 8.7 cents per kWh, the mid-peak rate (7 a.m.-11 a.m. and 5 p.m.-7 p.m.) is 13.2 cents per kWh, and the on-peak charge (11 a.m.-5 p.m.) is now 18 cents per kWh — the highest price ever for electricity under time-of-use (TOU) pricing in Ontario.
For an average home, that’s an increase on the electricity line of the bill of $37.56 a year — on top of December’s $53.04 bump.
Progressive Conservative energy critic John Yakabuski said the current on-peak charge of 18 cents per kWh is a 418% increase of the price when the Liberals first took office in 2003.