Ontario Passes Legislation to Reduce Electricity Costs for Families and Businesses

Source: 
Ministry of Energy

Five Million Families, Farms and Small Businesses Will See Bill Reductions
October 19, 2016 - Ministry of Energy: today Ontario passed legislation that will rebate the provincial portion of the HST from electricity bills as of January 1, 2017.

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The Ontario Rebate for Electricity Consumers Act, 2016 will reduce electricity costs by 8 per cent on the amount before tax, an average savings of about $130 annually or $11 each month, for about five million residential consumers, farms and small businesses. Eligible rural electricity ratepayers will receive additional relief, decreasing total electricity bills by an average of $540 a year or $45 each month.
Commercial, institutional and industrial ratepayers would also benefit from up to 34 per cent lower electricity costs through the expansion of the Industrial Conservation Initiative.