Sounds pretty crazy to me.
http://www.cbc.ca/news/canada/toront...ease-1.3298396
Sunday's rate hike means the on-peak price of electricity has jumped 77 per cent since Smart Meters became common five years ago. In November 2010, the price was 9.9 cents/kWh.
- The price for off-peak hours goes up 0.3 cents to 8.3 cents/kWh.
- The price for mid-peak hours goes up 0.6 cents to 12.8 cents/kWh.
- The price for on-peak hours goes up 1.4 cents to 17.5 cents/kWh.
"Just confusion — What the heck is going on?" Adams told CBC Queen's Park reporter Mike Crawley of the reaction
"None of it shows any decreases in prices," Adams said. "It only moves in one direction."
Another factor that could affect household hydro bills is the looming sell-off of Hydro One. The Liberal government says partial privatization won't impact consumers' costs, but the opposition thinks otherwise.
"Hydro One will be on its own and the pressure it feels will be from stockholders, people who want increased revenue every year," NDP energy critic Peter Tabuns told CBC News. "That's going to have an impact."
EDIT: Very little off-peak (obviously) - so 2 or 3 times what we have here?
In addition to the rate hike, the hours for mid-peak and on-peak prices also change to winter "time-of-use" hours. From Nov. 1 to April 30, weekdays between 11 a.m. and 5 p.m. are considered mid-peak hours. Weekdays between 7 a.m. and 11 a.m. and from 5 p.m. to 7 p.m. are on-peak hours, which saw the highest rate increase.