Ontario Electricity News

New Hydro Rate Increases on Nov 1, 2013

The Chronical Journal - Oct 21, 2013

With the latest semi-annual increase the regulated off-peak power price (charged from 7 PM to 7 AM and on weekends) jumps a whopping 7.5 per cent (that's 15% annualized), while the peak price rises 4 per cent (8% annualized), and mid-peak 4.8 per cent (9.6% annualized).

Read about the Nov 1 increase

Measuring Inflation Based on Utility Bills

Journal of Commerce- Sept 12, 2013

Over the past 10 years the cost of power has increased by 46.6% in Ontario. Canada-wide the cost of power has increased by +32.6 during the last decade. If you only consider the past 5 years, Ontario has had the greatest increase in hydro rates of any province with a 5-year increase of 30.5% in electric power price.

Read the full inflation article

Regulated Electricity Rates Go Up Yet Again

Newstalk 610 - April 5, 2013

Ontario hydro customers who are not on an electricity contract will be paying more after the Ontario Energy Board announced it was hiking electricity rates starting May 1. The latest rate reflects an annualized increase of 5.8%, well beyond the general rate of inflation. According to the OEB, this works out to a $3.63 increase on the electricity line for the average monthly houshold bill.

RPP Rates Increase May 1, 2013

Ontario's Power Trip - A legacy of debt

Financial Post - Jan 17, 2013

According to this article in the Financial Post, each Ontario taxpayer is on the hook to the tune of $2,055 to cover their portion of the 17.9 Billion in capital costs racked up over McGuinty term in office. In addition to this, annual costs to pay for expensive wind and solar energy will come to 7.35 Billion a year. The article goes on to say "These costs have only just begun to show up on consumer bills, but they will dramatically rise in years to come. "

Read the full article about the McGuinty governments hydro legacy

Ontario Fit Program Turns 3 and Continues to Drive Up Electricity Rates

Financial Post - Sept 19, 2012

According to this article in the Financial Post, it is clear the Ontario Power Generation corporation's ability to temper rate increases will diminish in the future and Ontario's electricity bills will continue to rise. Ontario taxpayers will even foot the bill for reductions in Toronto's tax rates thanks to the fact that the City of Toronto has even gotten into the business of generating power since the rates paid to electricity generators are too good to pass up.

Ontario’s Power Trip: FIT Turns 3 Years Old

Ontario Energy Minister says rate increases will be necessary to pay for modern infrastructure

North Bay Nugget - July 23, 2012

Energy Minister Chris Bentley said this week that the province is working to help homeowners and businesses manage their electricity costs but escalating electricity costs are the price for a modern, clean and reliable system. Bentley said increases will be necessary to pay for modern infrastructure, new generation, conservation and renewable energy projects as the province moves forward with the phasing out of coal-fired plants.

Read full article about rising electricity rates

Mid and Peak Tier Time-of-Use Rate Rises 8% on May 1

Toronto Star - April 19, 2012

Ontario's RPP electricity prices during the mid-tier and peak use periods will rise more than 8 per cent on May 1, 2012. The OEB also announced that the off-peak price will increase by 4.8 per cent. After this increase, the energy board calculates that a consumer who uses 1000 kilowatt hours of electricity a month will pay about $5 per month more under the new rates. More than 80 per cent of Ontario consumers and small businesses are now on time of use billing, the energy board says.

Read full article about increasing hydro rates

Hydro Rates have More Than Doubled in Past 10 Years

North Bay Nugget - Apr 21, 2012

PC Energy Critic and Nipissing MPP Vic Fedeli blames Dalton McGuinty for the sky-rocketing electricity rates. Residential electricity prices for conventional metres have now doubled since 2003, from 4.3 cents per kilowatt hour to 8.8 cents. For those on time-of-use metres, the rates have increased an astounding 175%. According to a report from Aegent Energy Advisors, a residential homeowner with a monthly hydro bill of $110 will see a 58% increase over the next 5 years – amounting to a $768 annual increase by 2016.

Read Full Article About Hydro Rates

Ontario Independent Electricity System Operator (IESO) Loses Money on Exported Power, Despite Their Clam to be Making Money on Exports

Financial Post - Dec 1, 2011

According to the Financial Post article, the IESO's claims that they profit by exporting power to Quebec and various US States at an average price of about 3.38 cents per kilowatt hour (kWh) are misleading. In actual fact, the real average price of electricity in Ontario through the first 10 months of 2011 was about 7 cents per kWh. This means that the province is effectively losing almost 4 cents on every kWh exported. This works out to a total year-to-date loss of $420-million.

Read full article about IESO Power Exporting Losses

Electricity Rates Rise Again As New RPP Rates Announced

CBC.ca; October 17, 2011

Electricity prices are going up by an average of 1.8 per cent for the average residential consumer using smart meters and over 4% for Ontario residents who are still on cummulative meters. The main causes of the increase, the board said, are "increased nuclear and renewable generation coming online."

Electricity Prices Rise for Ontario RPP Users

"Perfect Storm" May Cause Ontario Hydro Rates to Skyrocket

The Chronacle Journal; August 15, 2011

Energy project director Byron LeClair talks about our unfunded hydro liabilites and how these could be lining up to create a perfect storm scenerio that will cause substantial increases in Ontario's electricity rates.

Read about the factors pointing to a rise in hydro rates

Ontario Electricity Generators Had to Pay $35 Million to Offload Surplus Power

CFRA Radio – July 25, 2011

During the first 6 months of 2011, there was 95 hours where there was too much power within Ontario's electricity grid so the electricity generators had to pay $35 Million dollars to have other jurisdictions take this off our hands. Contributing to this excess power is electricity produced from Wind and Solar energy for which the government pays up to 80.2 cents/kWh.

Read the full article

Ontario Electricity Prices Continue to Skyrocket

Digital Home – April 20, 2011

The Ontario Energy Board announced another 12 percent increase on top of increases last year that caused electricity bills to jump between 15 and 20 percent. Over the past three years, interval meter rates have soared by 55%. The on-peak rate for power used during weekdays effective May 1, 2011 is 10.7 cents/kWh.

Read full article about rising electricity rates

Ontario Power Generation Cost Increases on the Horizon

Financial Post – March 8, 2011

The OPG (Ontario Power Generation) is well-known for large megaprojects that go over budget. It has two big projects on the go at the moment, one of which is already $600 million over budget. OPG showed a profit in its 2010 annual report but that was only because its nuclear decommissioning fund had a market gain of $668-million. OPG, with hundreds of millions in unfunded pension and benefit liabilities, doesn’t make money on what it actually produces - electricity!

Read full article about the OPG Cost Crunch

McGuinty Admits Smart Meters Aren't Working

Toronto Sun – September 18, 2010

Premier Dalton McGuinty admits that Ontario's billion-dollar smart meter experiment has not been effective at shifting demand into low use periods such as nights and weekends. Greater price differential is likely necessary to change people's practice and push more consumption into off-peak periods.

Read full article about smart meter price increases

Ontario Hydro Rate Increase Looms

Toronto Star – Aug 17, 2010

Residential electricity users could be zapped with an extra $48 in annual hydro costs after Premier Dalton McGuinty’s cabinet approved a break on electricity rates for large industrial users. They have extended time-of-use pricing, now in effect for homeowners, to major firms that use a lot of power, thus allowing them to use electricity cheaper at off-peak times. Residential users may have to pick up the slack.

Read full article about electricity rate changes

Ontario Electricity Rates Surge

CBC News – April 15, 2010

Ontario electricity rates increase substantially starting May 1, 2010. The RPP rate for regular hydro meters jumps by 12% and the costs of interval metered hydro increases by 20% for the off-peak hours. "At Queen's Park on Thursday, the Progressive Conservatives said consumers are looking at a $300 a year hike to their hydro bills because of all the fees and taxes in the government's energy plans." Read about the new hydro rates

No payoff in time-of-use conservation

Toronto Star – March 30, 2010

James Chen of Scarborough sympathizes with Laura Seddon who now realizes that Hydro's Time of Use billing is really an underhanded means of increasing hydro rates for the average consumer. The energy minister indicates that this program was not to save consumers money, but I wish he had said that the strategy was to increase rates, penalize the consumer and use a baseball bat to encourage consumers to shift usage and thereby reduce costs, hopefully to the level before the program. Read original Time of Use billing article

Ontario Power Generation seeks hydro rate hike of 9.6%

Toronto Star – March 29, 2010

Ontario electricity ratepayers are about to pay yet another increase on their energy bills. The Ontario Power Generation announced it is asking to raise rates next January by 9.6 per cent. The Crown agency’s move comes a week after the Star revealed that a new $4-a-year tax will be added to hydro bills to pay for $53.7 million in Liberal conservation programs. Read full hydro rate increase article