Hydro hike looms with break to industry
August 17, 2010
The Toronto Star
Homeowners could be zapped with an extra $48 in annual hydro costs after Premier Dalton McGuinty’s cabinet quietly approved a break on electricity rates for huge industrial users, the Star has learned.
The move extends time-of-use pricing now in effect for homeowners — allowing them to use electricity cheaper at off-peak times, such as nights and weekends — to major firms like Ford, Vale Inco, and Imperial Oil.