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.
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.