If customers choose that plan it will be in exchange for a higher on\u002Dpeak rate.
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Energy Minister Todd Smith says the new rate will be 2.4 cents per kilowatt hour, which is 67 per cent lower than the current off peak rate.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
He says it’s a way to shift demand to a period when it is typically lower and when Ontario produces excess electricity. Starting May 1, Toronto Hydro, London Hydro, Centre Wellington Hydro, Hearst Power, Renfrew Hydro, Wasaga Distribution, and Sioux Lookout Hydro will offer the new pricing, and all utilities will be required to offer it within six months.
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