NEW COVID-19 ELECTRICITY RATE
The Government of Ontario has implemented new electricity pricing to support Ontarians staying home during the rapidly evolving COVID-19 situation. As such, the Government of Ontario has taken steps to hold the price of electricity at 8.5 cents/kWh from January 1, 2021 until the end of the day on January 28, 2021. The fixed 8.5 cents/kWh price is equal to the off-peak price set by the Ontario Energy Board for January 1, 2021. The fixed price will apply to residential, small business and farm customers who buy their electricity from their utility and applies to customers on Time-of-Use (TOU) or Tiered pricing. So, no matter what time of day you use your electricity, or how much you use, the fixed price will apply. The price change will happen automatically. No customer action is required.
For more information, you may read the government’s news release here.