Ontario rolls out ultra-low electricity rates

Ontario rolls out ultra-low electricity rates

TORONTO -

A million households can opt into a new ultra-low overnight electricity rate offered by the Ministry of Energy, but that's just a fraction of customers in Ontario.

Only eight of the 61 provincial power utilities will offer the new rate on the May 1 launch date. The rest have up to six months to get on board.

That means it will be available to 20 percent of the province's five million electricity customers, the Ministry of Energy confirmed to CBC News.

The Ford government's new overnight pricing was pitched as a money saver for Ontarians, undercutting its existing overnight rate from 7.4 to 2.4 cents per kilowatt hour. Both rates are set by the Ontario Energy Board (OEB).

"We wanted to roll it out to as many people as possible," Kitchener-Conestoga PC MPP Mike Harris Jr. told CBC News. "These companies were ready to go, and we're going to continue to work with our local providers to make sure that everybody can meet that Nov. 1 deadline."

Enova Power — which serves Kitchener, Waterloo, Woolwich, Wellesley and Wilmot — won't offer the reduced overnight rate until the fall.

Enova merger stalls adoption

The power company is the product of the recently merged Kitchener-Wilmot Hydro and Waterloo North Hydro.

The Sept. 1 merger is a major reason Enova Power isn't offering the ultra-low rate alongside the first wave of power companies, said Jeff Quint, innovation and communications manager.

"With mergers, a lot of work goes into them. We have to evaluate, merge and integrate several systems and processes," said Quint.

"We believe that we probably would have been able to make the May 1 timeline otherwise."

The ministry said retroactive pricing wouldn't be available, and Harris said he doesn't expect the province will issue any rebates to customers of companies that introduce the rates later than May 1.

"These organizations were able to look at rolling things out sooner. But, obviously — if you look at Toronto Hydro, London, Centre Wellington, Hearst, Renfrew — there's a dynamic range of large and smaller-scale providers there. I'm very hopeful the Region of Waterloo folks will be able to work to try and get this done as soon as we can," Harris said.

Related News

power

Manitoba Government Extends Pause on New Cryptocurrency Connections

WINNIPEG - The Manitoba government has temporarily suspended approving new electricity service connections for cryptocurrency mining operations. The decision comes as the province grapples with the cryptocurrency industry's growing energy demands and potential impact on electricity rates for residents and businesses.


The Original Pause

The pause was initially imposed in November 2022 due to concerns that the rapid influx of cryptocurrency mining operations could place significant strain on the province's electrical grid. Manitoba Hydro, the province's primary electric utility, warned that unregulated expansion of the industry could necessitate billions of dollars in infrastructure investments, potentially driving up electricity…

READ MORE
electricity

Why Canada's Energy Security Hinges on Renewables

READ MORE

california blackouts

Why California's Climate Policies Are Causing Electricity Blackouts

READ MORE

all electric homes

All-electric home sports big windows, small footprint

READ MORE

california-faces-power-outages-landslides-amid-severe-storm

California Faces Power Outages and Landslides Amid Severe Storm

READ MORE