TORONTO — A senior Ontario government source says the premier will announce today that hydro rates will be temporarily lowered as many people work from home during the COVID-19 pandemic.

The source, who wasn’t authorized to discuss the announcement publicly, says it will be done by moving all of the current time-of-use pricing to off-peak rates.

As first reported by the Globe and Mail, it’s expected families will save more than $20 per month, small businesses will save $150 and farms will save more than $300.

The new pricing structure will be in place for 45 days.

The source says the move will cost about $162 million.

Ontario has ordered the closure of all non-essential businesses in the province starting tonight.

This report by The Canadian Press was first published March 24, 2020.

The Canadian Press

Should Town of Georgina allow resident access to beaches?
VoteResults
AdvertisementAdvertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here