Bayshore Broadcasting Corporation
News Centre

News Centre

Wednesday, February 23, 2011

Electricity Rates To Rise

Regional | by Bayshore News Staff  

The Ontario Energy Board says utilities can raise rates.

We should brace for the price of electricity to climb higher.

The Ontario Energy Board says utilities can raise rates to cover 18 million dollars in fines and court costs they had to pay after the courts ruled they were charging too high an interest rate on late payments.

The energy board is also expected to rule shortly on a request from Ontario Power Generation for a 6.2 per cent increase in electricity rates effective March 1st.

O-P-G claims that increase would add about $1.86 to a typical homeowner's monthly hydro bill.


share this story

Bayshore Broadcasting Corporation
© 2020 Bayshore Broadcasting Corporation

Web Site by Websmart Inc