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Starting November 1, Ontario will see another increase in hydro rates at peak times of the day from 7. a.m. to 11. a.m. and from 5. p.m. to 7. p.m. will rise from 1.4 cents to 15.5 cents per kilowatt hour used.
The energy board says the increases will add about $4.42 to the electricity line on the average monthly electricity bill for a household that uses about 800 kwh a month.
The government said fourth percent of the rate increase is because of increased costs from Ontario Power Generation’s nuclear and hydro-electric generating stations.
The board sets electricity prices every May and December and changes the hours for peak and off-peak pricing to reflect the shorter daylight periods in winter.
Rates will continue to rise every year as Ontario spends more money on solar energy every year which only put back less than one percent to Ontario’s energy grid.