Ontario dropping time-of-use hydro pricing during COVID crisis

Article Link: https://ottawasun.com/news/provincial/ontario-dropping-time-of-use-hydro-pricing-during-covid-crisis/wcm/219cfc9f-aba7-452c-afa4-114cacf19dd9

Discussion posted by: itzfitzhere

Ontario will ditch its time-of-use electricity pricing, at least temporarily, as more people work from home or simply stay at home during peak hours. Premier Doug Ford will make the announcement official during a news conference at 1 p.m. Tuesday. According to a report in the Globe and Mail, and since confirmed by the Sun, rates will drop from a peak price of 20.8 cents per kilowatt hour to 10.1 cents per kilowatt hour. The price drop takes effect Tuesday and continues for at least 45 days. For the time being, Ontario hydro ratepayers will have just one electricity rate instead of three to worry about — that could be extended though.