On March 2, 2017, the Government of Ontario announced several measures it will be implementing as part of a relief plan to lower electricity bills for Ontario residential customers by an average of 25%. The measures announced will also benefit many small businesses.

Referred to as Ontario’s Fair Hydro Plan, it includes:

• the 8% rebate that came into effect on January 1, 2017;
• increases in funding amounts for eligible participants in the Ontario Electricity Support Program (OESP);
• the establishment of an Affordability Fund to help further support energy-efficiency initiatives; and,
• holding electricity price increases over the next four years to the rate of inflation.

Initial changes to take effect on May 1, 2017 will be reflected on customer bills starting this summer. More details are expected as new legislation is introduced in the weeks ahead. We will keep you informed of the changes.

For additional information on the Fair Hydro Plan announcement, read the Government of Ontario news release at https://news.ontario.ca/opo/en/2017/03/ontario-cutting-electricity-bills-by-25-per-cent.html