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Changes To Electricity Bills And Cost – 2020

Toronto Condo News
Publication date:
April 24, 2020
Article Summary: 

In November 2019, changes to electricity billing were introduced, resulting in a 1.8 percent increase in electricity pricing. Rates for electricity are now set at market value, with no changes made to delivery and maintenance of provincial and local distribution systems. The 8 percent HST rebate was eliminated, and a new rebate (Ontario Energy Rebate) now appears at the bottom of the electricity bill. To receive the new rebate, condominium corporations were required to confirm their eligibility to their utility by February 2020. The overall impact of these changes appears to be an increase of about 1.8 percent, which can vary dramatically based on the amount of electricity used. The current Ontario Energy Rebate is in effect at least until October 2020.


electricity bills, electricity pricing, Fair Hydro Plan, Ontario Energy Rebate, condominiums, HST rebate, market value, eligibility.

Source Citation: 
Toronto Condo News
Changes To Electricity Bills And Cost – 2020
April 24, 2020
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