Hydro rates set to increase November 1

Hydro rates for Ontario residents with Smart meters are increasing, starting on Nov. 1.

As first reported by CTV News, the Ontario Energy Board has announced a winter rate increase of approximately $4.42 on the electricity line of the bill for the average home. It is an overall increase of 3.4 per cent on the total bill.

For time-of-use Smart meters:

According to Liberal government projections, hydro rates will increase more than 40 per cent over five years.

With files from CTV’s Queen’s Park Bureau Chief Paul Bliss