Ontario Fair Hydro Plan
The Fair Hydro Act, 2017 puts in place a number of measures to implement the Ontario government’s Fair Hydro Plan. It establishes the framework under which eligible customers will see their electricity bills reduced effective July 1, 2017. The Ontario’s Fair Hydro Plan will:
- lower electricity bills by 25% on average for all residential customers and as many as half a million small businesses and farms;
- hold increases to the rate of inflation for four years;
- provide additional bill relief for residential customers in rural or remote areas of the province and for on-reserve First Nations residential customers; and
- remove the cost of certain electricity-related relief programs from electricity bills, and instead fund those programs through taxes.
The Fair Hydro Act, 2017 will affect different parts of an electricity bill in different ways for different customers. Click here to learn more and to obtain an explanation on how this will affect your hydro bill.