“Turn off the lights when you leave a room.”
Do you remember hearing that when you were a kid? You may finally start listening to your mother’s advice this weekend.
Electricity rates are set to rise Sunday November 1, after the Ontario Energy Board announced pricing changes earlier this month.
That will mean the average household can expect to see a bill increase of roughly $4.50 per month.
The changes will see off-peak hours increase 0.3 cents to 8.3 cents per kW/h, mid-peak hours increase 0.6 cents to 12.8 cents per kW/h, and on-peak hours up 1.4 cents to 17.5 cents per kW/h.
Off-peak hours are weekdays from 7:00 p.m. to 7:00 a.m., weekends and holidays, mid-peak hours are weekdays from 11:00 a.m. to 5:00 p.m., while on-peak is 7:00 a.m. to 11:00 a.m. and again 5:00 p.m. to 7:00 p.m.
The OEB attributes about 40% of the rate increase to rising costs from Ontario Power Generation’s nuclear and hydro-electric generating stations.
HydroOne says there are a few ways to take advantage of time of use pricing, such as running dishwashers and washing machines during off-peak times, unplugging small appliances when you are not home, and turning down the furnace by a few degrees.