Summitt Blog
Canadian & Global News

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.

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