Time of Use Electricity Rates
Hey, Ontario! Here's what you learned: peak rate for electricity will be 14 cents per kwh beginning November 1. #FridayAfternoonNews
Quote:
The peak rate will jump 0.5 cents a kilowatt hour (kwh), to 14 cents a kwh – an increase of 3.7 per cent.
Off-peak rates will increase 0.2 cents a kwh to 7.7 cents a kwh. That’s a jump of 2.7 per cent. Off-peak rates are weekdays from 7 p.m. to 7 a.m., and all day on weekend and holidays.
Mid-peak rates will also rise 0.2 cents a kwh to 11.4 cents a kwh, an increase of 1.8 per cent. Mid-peak periods are weekdays from 11 a.m. to 5 p.m.
http://metronews.ca/news/toronto/118...ll-rise-nov-1/
Time of Use hours change back to the winter cycle on November 1 as well.
I expect that everyone will be stocking up on candles and setting timers for when it's OK for the household to do laundry/recharge devices.