Double Whammy Hydro Price HikeMay 1, 2014 12:15pm
There’s a double whammy hydro price hike taking effect as of today.
The Ontario Energy Board has approved an increase that includes renewable or “green” electricity generation over the next 12 months.
Bluewater Power CEO Janice McMichael-Dennis says the increase in commodity prices is about 2.4 per cent for the typical residential customer.
Summer time-of-use pricing also kicks in today.
The cheapest price, 7.5 cents kW/h, is overnight weekdays from 7pm-7 am and on weekends and holidays.
The highest price, 13.5 kW/h is weekdays between 11am-5pm.