Hydro bills will climb by around $3 more per month or an average of more than $36 per year for average households across Ontario, beginning May 1.
Analysts say that Ontario’s energy rates are increasing at a faster rate than any other province in Canada or any region in the United States. Since November, annual Hydro bills have seen an average increase of $186.96, according to estimates.
Ontario PC energy critic John Yakabuski said in a statement: “This rate increase is just further proof that life is harder under the Liberals. Ontarians already pay some of the highest energy rates in the continent, and now they will have to endure another increase. Families and seniors shouldn’t have to struggle to afford their hydro bills.”
The Ontario Energy Board explained that the new rate increase was a result of lower than expected usage in the winter months. The price of electricity jumped half-a-cent to 18 cents a kilowatt per hour during peak periods – 11 a.m. and 5 p.m. during the week. During mid-peak hours, Ontarians will be forced to pay 13.2 cents and 8.7 cents during off-peak hours.
Yakabusi pointed out that “Only in Ontario can this happen. If you use too much power, rates go up. If you conserve energy, rates still go up. This is the same Liberal Government that wasted $1.1-billion on the gas plant scandal, and spent $9.2-billion more than necessary for green energy contracts. While the Liberals would rather blame this rate increase on the weather, it is clear it is the direct result of years of scandal, waste and mismanagement in the energy sector.”
Ontario Energy Minister Bob Chiarelli said in reply to media questions “Transforming and rebuilding Ontario’s electricity system has come at a cost, but fortunately our bills are increasing slower than they are in neighbouring jurisdictions, and slower than we predicted they would in our 2013 Long-Term Energy Plan.” – CINEWS