Off-peak hydro prices now in effect 24 hours a day in Ontario
- Michael Kras
- 25 Mar 2020
Ontario Premier Doug Ford announced yesterday that, in response to most Ontarians staying home amid the COVID-19 outbreak, all hydro bills will temporarily shift to off-peak rates all day for individual homeowners, small businesses, and farmers.
The changes will be in effect starting now and for the next 45 days, with off-peak rates applied 24 hours a day, 7 days a week. It doesn’t require any action or application process from individuals and businesses, either.
“The savings will simply show up on your next bill,” explained Ford.
Ontario hydro rates switching to off-peak for 45 days https://t.co/6vAGJR7vF1
— MidwesternNewspapers.com (@Midwestern_News) March 24, 2020
This new action comes at a cost of over $160 million, effectively saving Ontarians over 50 per cent on their hydro bills compared to the usual peak rates.
No word, yet, on if this action has any chance of extending beyond the initial 45 days.
Canadians have been strongly urged to remain home for the foreseeable future amid the unprecedented impact of the COVID-19 outbreak, in efforts to help slow the spread of this highly infectious disease.
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