You can expect stable electricity bills this summer

Nipissing MPP Monique Smith
News Release

********************

Ontario families can expect stable electricity bills this summer and fall due to the new Ontario Clean Energy Benefit, which is taking 10 per cent off monthly bills for families, farms and small businesses.

The Ontario Energy Board released updated electricity rates yesterday showing the average household bill this May compared to May 2010 has remained flat.
Starting May 1st, families will also benefit from an extra 10 hours of electricity every week at the lowest rate. Time-of-Use off-peak period will now begin at 7 p.m. from 9 p.m., making it easier for families to take advantage of lower prices.

The McGuinty government’s Long-term Energy plan is helping to keep costs down for consumers today, while still making vital investments to build a clean, modern and reliable electricity system using renewable sources of power – like wind and solar rather than dirty coal.

“Our government recognizes the importance of helping to keep costs down for Ontarians,” said Monique Smith, MPP for Nipissing. “With the implementation of the Ontario Clean Energy Benefit and the May 1st changes to the Time-of-Use peak period, hydro customers will see a savings on their bills. The Ontario government is building a clean, reliable and modern energy system and this important infrastructure is needed to make sure the lights stay on, now and in the future.”

“Ontario’s electricity system is turning the corner after decades of neglect and underinvestment. Our government is keeping costs down for families as we replace dirty coal-fired power and clean up the air we breathe for future generations,” said Brad Duguid, Minister of Energy.

QUICK FACTS

 On average, households can expect to save about $150 each year for the next five years through the Ontario Clean Energy Benefit.

 The first 3 months of this year, Ontario used 90 per cent less coal-fired power compared to the same period in 2003.

 Since 2003, Ontario has shutdown eight coal units, with another two units coming offline this year.

 Ontario now has more than 1,500 megawatts of wind power online generated by more than 800 wind turbines. In 2003, there were only 15 megawatts of wind power generated by 10 turbines. This is a 100-fold increase in wind power capacity.

 File your taxes to see if you qualify for the Energy and Property tax credit.

 The Ontario Energy Board sets electricity rates twice a year, every May 1 and November 1.

********************