On Friday, the Ontario government announced an electricity-rate relief to support small businesses, workers and families. Starting January 18 at 12:01 a.m. for 21 days, electricity prices will be set 24 hours a day at the current off-peak rate of 8.2 cents per kilowatt-hour.
This rate will apply automatically to residential, small businesses and farms who pay regulated rates set by the Ontario Energy Board and get a bill from a utility and will benefit customers on both Time-of-Use and Tiered rate plans.
The average household will use approximately 700 kWh during this three-week rate freeze, equating to the same amount of electricity used for 10 dairy cows.
Ontario is home to many small farms and agri-food businesses; setting electricity at the lowest rate will help small businesses stay in business.