Rising Hydro Costs and Becoming Energy Independent
Despite the promise made by Doug Ford to reduce Ontarian’s Hydro rates by 12 percent, those living in Ontario can expect to see even higher Hydro bills this month. Toronto Hydro announced rate changes on their official Twitter page earlier this year:
“As of January 1, 2019, the Delivery Charge on your bill increased. The rates reflect changes in distribution and transmission charges, as approved by the Ontario Energy Board. A typical residential customer consuming 750 kilowatt-hours (kWh) will experience an average increase of $6.33 or 5.4% on the total monthly bill.”
Your overall Hydro bill includes distribution, transmission and generation costs where the rate of these costs are reviewed and approved by the Ontario Energy Board (OEB). However, legislation that controlled how much the OEB can charge its customers is being removed by the current Ford government. The removal of such protection programs not only affect single family residences, it also affects tenants, condo owners and anyone who pays for electricity through a sub-metering company. More than 325,000 Hydro customers across Ontario are expected to be affected by these changes.
Take Control Of Your Energy
The rising costs of Hydro is unpredictable and fluctuates constantly. The best way to take control of how much you are spending on energy is to become energy independent. Switching to solar energy to power your home is one of the best ways to mitigate increasing Hydro costs.
Of course, going solar can be an overwhelming process. That is why we created some free online tools to help you get started. Learn all about solar energy in Ontario with our Solar Guide and Solar Calculator! If that’s not enough, you can also contact one of our qualified Solar Consultants today for a free consultation.
Interested in Making The Switch to clean, renewable energy? We make going solar easy!