Your electricity bill may look a little different on November 1, 2019.
In an effort to increase transparency, the Ontario government will remove subsidies from time-of-use prices on home and small business bills, before re-adding them into bottom line savings before your total.
The result will be a significant increase in time-of-use rates; however, bill totals are only expected to increase about $2/month, in line with the government's commitment to keep total bill increases in line with inflation.
Winter Time-of-Use Rates (November-April)
|7:00AM||11:00AM||20.8 cents/kWh (on-peak)|
|11:00AM||5:00PM||14.4 cents/kWh (mid-peak)|
|5:00PM||7:00PM||20.8 cents/kWh (on-peak)|
|7:00PM||7:00AM||10.1 cents/kWh (off-peak)|
Affordable, predictable and stable hydro costs are a key component for keeping your business competitive.
We continue to push the government to address the core issues facing the energy sector, to better align energy policies with the realities of running a small business in Ontario, and to keep their campaign commitment to reduce rates by 12 per cent.
CFIB is calling on the government to:
- Eliminate time-of-use (Smart Meter) rates for small businesses and implement a lower cost rate system on the first 3,000 kilowatt hours of electricity consumed per month
- Keep their campaign commitment to reduce hydro rates for residents, small business owners and farmers by 12 per cent
- Require the Global Adjustment fee to be visible and explained on all bills
- Better manage the supply and demand of energy
- Consult on a new Long-Term Energy Plan (LTEP) for the province
If your business has an electricity demand of 50 kilowatts or less and your annual consumption is less than 250,000 kWh or you operate a farming business, you have been eligible to receive an eight per cent HST rebate on your hydro bill since January 1, 2017.
If you are eligible for the rebate, the savings should appear at the bottom of your bill.