The Ontario Energy Board has set new energy rates for households and small businesses on the Regulated Price Plan.
Starting on November 1, the total bill for a typical residential customer who uses 700 kilowatts per hour will increase by about $2.24-cents or 1.97-percent each month.
That is not all, time-of-use pricing changes November 1st.
Right now it’s a fixed rate of 12.8 cents per kilowatt-hour because of the pandemic.
November will see different pricing, depending on the time of day.
The off-peak rate which is charged from 7 at night to 7 in the morning and weekends falls to 10.5 cents.
The mid-peak, from 11 am to 5 pm on weekday goes to 15 cents per kilowatt-hour.
The higher demand on-peak rate jumps to 21.7 cents per kilowatt-hour.
