Immediate Hydro Relief Coming
Posted by Samantha Casais on 5/12/2017 6:12:00 AM.
New legislation was tabled yesterday by the Provincial Liberal Government that will see hydro bills lowered for the next ten years. Under the plan, time-of-use rates will drop, costs for low-income and rural support programs will be lifted, and new social programs will be introduced. A new entity overseen by Ontario Power Generation will take on debt to pay the difference between above-market rates paid to producers and charges to customers. The Government says the cost of paying back that debt with interest will be up to $28 billion dollars.