Tuesday, April 24, 2012

Hydro Rates Go Up


Electricity prices are going up.

Starting May 1st, a typical household using 800 kilowatt hours a month will see the "electricity'' line on their hydro bill increase by nearly six dollars.

Consumers using smart meters - or time-of-use pricing - will see an increase of about four dollars.

The Ontario Energy Board says the changes are due to reduced use of coal, which is being replaced with natural gas, nuclear and renewable energy.