June 1, 2020
Effective June 1st, The Government of Ontario has introduced a fixed, COVID-19 Recovery Rate for households, farms and small businesses who pay time-of-use electricity rates.
The new fixed rate of 12.8₵/kWh will be in effect 24 hours a day, 7 days a week starting June 1, 2020. It is intended to be in place until October 31, 2020. You will see the new COVID-19 Recovery Rate on bills with electricity used on or after June 1st.
A price that doesn’t vary by time of day is a simple way to enhance predictability for residential, small business and farm customers about their costs at a time when their electricity use might be a lot different than it is normally. This rate provides stability for Ontarians who are working and learning from home over the warm summer months.
You can learn more about the new price for electricity here.