Search User Login Menu
Tools
Close
Close

News Headlines

Lake Superior Regional News ~ Northwestern and Northeaster Ontario . From Kenora, Thunder Bay, Sault Ste Marie and Sudbury, Duluth, Marquette, Houghton, Keweenaw Peninsula, Upper Michigan, Sault Ste Marie, Cook Country, Minnesota. Wisconsin

Latest News Headlines

Ontario extends hydro rate relief,

Ontario extends hydro rate relief,

Greater Stability and Predictability with Their Electricity Bills

T0RONTO, ONTARIO ~~~  May 30, 2020  (LSN)  Today, Greg Rickford, Minister of Energy, Northern Development and Mines, issued the following statement on electricity rate relief measures during the COVID-19 outbreak.

"Our government is committed to supporting families and business-owners as we plan for the safe and gradual reopening of the province.  

Since March 24, 2020, we have invested just over $175 million to deliver emergency rate relief to residential, farm and small business electricity consumers by suspending time-of-use (TOU) electricity pricing. This investment was made to protect the people of Ontario from a marked increase in electricity rates as they did their part by staying home to prevent the further spread of the virus.

As Ontarians continue to work and learn from home, we are extending the suspension of time-of-use price to provide consumers with greater stability and predictability with their electricity bills.

To extend this support responsibly, we will introduce a fixed electricity price, known as the COVID-19 Recovery Rate, of 12.8 cents per kWh, which will be automatically applied to all time-of-use customers 24 hours a day, 7 days a week. This fixed electricity price will be in place from June 1 - October 31, 2020. 

The COVID-19 Recovery Rate of 12.8¢/kWh is based on the average cost of electricity, set by the Ontario Energy Board. This fixed rate will continue to suspend time-of-use prices in a fiscally responsible manner. By introducing this new fixed rate, consumers will have greater flexibility to use electricity when they need it without paying on-peak and mid-peak prices.

Thank you to the millions of Ontarians who are helping us stop the spread. More information on the COVID-19 Recovery Rate, and government's plan to build an electricity system that works for the people of this province, will be announced at the Premier's daily briefing on Monday, June 1, 2020 at 1:00 p.m. EST."

Quick Facts

  • The new COVID-19 Recovery Rate is the Ontario Energy Board's (OEB’s) average Regulated Price Plan (RPP) Rate, which is based on the forecast average electricity supply cost for RPP consumers as of November 1, 2019, as published in the OEB’s most recent RPP Price Report.
  • Time-of-use (TOU) electricity rates vary by time of day, comprised of three different rate periods of off-peak, mid-peak and on-peak pricing.
  • The OEB sets both tiered and time-of-use (TOU) rates as part of the RPP.
  • There are approximately five million residential consumers, farms and some small businesses billed using TOU electricity prices under the RPP.

Ontario Hydro Rates June 1, 2020  Lake Superior News

#LSN_Econ  #LSN_ONNews

 

Print

Minnesota News

Fifth COVID-19 Case Confirmed

Fifth COVID-19 Case Confirmed

Cook County, Minnesota

COOK COUNTY, MINNESOTA ~~~~   August 10, 2020 (LSN)  Cook County has received notice of its fifth COVID-19 case, a female in...
Cook County E-911 Addressing System

Cook County E-911 Addressing System

Cook County Emergency Management Director Mike Keyport

COOK COUNTRY, MINNESOTA August 7, 2020  (LSN)   The Office of Emergency Management manages the county-wide emergency 911...
1234567810Last

Ontario News

Investment in Cardiovascular Surgical Services

Investment in Cardiovascular Surgical Services

Provides Care Closer to Home

THUNDER BAY, ONTARIO ~~~~ August 11, 2020  (LSN)  Earlier today, Thunder Bay Regional Health Sciences Centre welcomed a site visit...
Is Your Grooming On Point?

Is Your Grooming On Point?

By: SpiritDog Training

ALBUQUERQUE, NEW MEXICO ~~~~~  August 9 2020 (LSN)  Fall is just around the corner and with that comes something all dog owners...
1345678910Last

Wisconsin Michigan News

123

Follow LSN on Twitter

Latest News

GoGreen

Copyright 2007 ~ 2020 Lake Superior Media.
Back To Top