Peel Region council’s 5 per cent utility rate increase approved for 2017 has been rolled back to 4.3 per cent effective April 1st.
Water and wastewater service costs for the region are anticipated to be lower than budgeted after the provincial government enacted Bill 13, the Ontario Rebate for Electricity Consumers Act, which rebates the provincial portion of the HST on electricity.
Council voted to pass on the municipality’s $2.3 million in expected savings to ratepayers — lowering the utility rate increase by 0.7 per cent.
This means the average household water bill would increase about $29 and the average business would increase $76. – CINEWS