New rate increase removes $635 million from electricity customers’ pockets
Ontario now has highest electricity bills in Canada
Ontario’s Minister of Energy Bob Chiarelli in a press release of March 26, 2015 announced the end of the Debt Retirement Charge December 31, 2015. In the “Quick Facts” of the release stated: “Removing the Debt Retirement Charge will save the typical residential electricity ratepayer $5.60 per month.”
Less than a month later the Ontario Energy Board (OEB) issued their semi-annual rate setting letter for the upcoming six months of May 1st to November 30th; it was full of continuing bad news for households and small businesses. The OEB told us effective May 1st, our electricity bill would increase $5.71 a month. So much for that savings of $5.60 a month!
Written to assuage the reader, the OEB’s letter pretends to be what it isn’t. Rates…
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