Are we really that surprised?! Better get out that clothesline this summer…hydro rates went up across the province yesterday, increasing the peak period price to 18 cents per kilowatt hour.The Ontario Energy Board said the hike was necessary due to lower-than-expected electricity usage over the winter (ya…cry me a river)…
The Progressive Conservative Party says in a release that the hike will cost the average ratepayer an additional $37 a year. The release claims that Ontario’s energy rates are rising at a faster rate than any other jurisdiction in North America. P-C Energy Critic John Yakabuski says in the release that only in Ontario could this happen, noting if you use too much power, rates go up and if you conserve energy, rates still go up. In other words, no winners here. Oh yes, I forgot, I got that $10 coupon for lightbulbs from Horizon in the mail. That will help…
How are you managing your hydro rates?
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