Lowest Electricity Prices Starting Two Hours Earlier
McGuinty Government Moves Time-Of-Use to 7 p.m., Helping Families Save
Ontario is making it easier for families to use electricity at the lowest rate.
Starting today, families will benefit from an extra 10 hours of electricity every week at the lowest rate. The Time-of-Use off-peak period will now begin at 7 p.m. instead of 9 p.m.
This change will help consumers reduce their electricity bills while the province replaces dirty coal-fired power with clean, renewable energy and makes sure the lights stay on for our families and businesses.
In addition, the province is taking 10 per cent off electricity bills for families, farms and small businesses for the next five years through the Ontario Clean Energy Benefit. It has helped average household bills remain flat compared with the same time last year.
The McGuinty government's Long-Term Energy Plan is helping to keep costs down for Ontarians today, while making crucial investments to build a clean, modern and reliable electricity system using renewable sources of power - like wind and solar.
- Over 2 million customers benefit from Time-of-Use pricing, and more are coming on every day.
- An average household can expect to save about $150 each year over the next five years through the Ontario Clean Energy Benefit.
- The Conference Board of Canada estimates Canada's electricity sector will require more than $15 billion in investment annually over the next 20 years to replace or refurbish aging infrastructure and meet growing electricity needs.
- Coal-fired generation is down 90 per cent in the first three months of 2011 compared to the same timeframe in 2003.
- Since 2003, Ontario has gone from just 10 wind turbines to more than 800 today.
- Ontario has conserved more than 1,700 megawatts of electricity since 2005 - the equivalent of taking more than half a million homes off the electricity grid.
“Our government is keeping costs down for families as we rebuild Ontario's electricity system. The crucial investments we are making now will ensure families and business have clean, reliable power, now and in the future.”