Ontarians struggling with the rising cost of living may notice something unusual when they look at their next hydro bill.
The Ontario Energy Board (OEB) has announced a decrease in the cost of electricity for residential and small business customers, which takes effect Tuesday. Depending on the pricing plan, people will see drops in price of as much as two cents a kilowatt hour (kWh).
The drop in price is mainly due to changes in the market, says Joel MacDonald, the founder of Energyrates.ca, a website that compares energy prices.
“Peak grid demand is over the summer … generally that’s driven by air conditioners,” MacDonald said.
“So, it would be
This story was originally published on CBC News. To read the rest of this news worthy story, please visit https://www.cbc.ca/news/canada/toronto/ontario-electricity-winter-price-decrease-1.6635889?cmp=rss.