Electricity rates going up May 2017

Electricity rates going up May 2017

Oct 28, 16
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It’s the news that most people can’t afford to hear. Electricity rates will be going up again in Ontario, this time it’s to fix an $80 million dollar accounting mistake. The provincial agency, says it will raise fees it charges the power industry to recover the losses as part of its accumulated deficit charge. For the first time in eight years, electricity rates in Ontario will not rise on November 1, but instead electricity customers will continue paying the same rates they’ve had since last May until May 2017.

 

For the full articles visit:

http://www.citynews.ca/2016/10/25/electricity-system-operator-reports-80m-loss-accounting-change/

http://www.citynews.ca/2016/10/19/electricity-rates-wont-going-may-2017/

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