The Government of Ontario is working to suspend its time-of-use electricity rates for the next 45 days. The rate will now be 10.1 cents-per-kilowatt-hour for 24 hours/day.
This reduced price will be available 24 hours per day, seven days a week to all time-of-use customers, who make up the majority of electricity consumers in the province. By switching to a fixed off-peak rate, time-of-use customers will see rate reductions of over 50 per cent compared to on-peak rates.
“By adopting a fixed, 24/7 off-peak rate, we are making things a little easier during these difficult times and putting more money in people’s pockets for other important priorities and necessities, ” Ontario Premier Doug Ford said.
The change was made as an emergency order under the Emergency Management and Civil Protection Act. It applies the off-peak TOU electricity rate for residential, small businesses, and farm customers who currently pay TOU rates.
“We thank the Ontario Energy Board and our partners at local distribution companies across the province for taking quick action to make this change and provide immediate support for hardworking people of Ontario,” said Bill Walker, Associate Minister of Energy. Visit Ontario’s website to learn more about how the province continues to protect Ontarians from COVID-19.