New Initiatives Announced by the Ontario Government Intended to Keep Rates Stable and Affordable, while Offering Greater Choice
June 1, 2020
Earlier this afternoon, Premier Doug Ford and Greg Rickford, the Minister of Energy Northern Development and Mines, announced that effective November 1, 2020, the government intends to introduce customer choice for Regulated Price Plan (RPP) customers who currently pay time-of-use prices (TOU). Customers will be able to choose a plan that best suits their household and lifestyle with the option of either TOU electricity rates or tiered pricing, which will provide a set rate for electricity up to a certain level of consumption. Further information for RPP customers on the process to implement these changes will be made available in the coming months.
Today’s announcement comes after Saturday’s announcement that starting on June 1, 2020, customers will be billed a new fixed COVID-19 Recovery Rate of 12.8 cents per kWh until October 31, 2020.
Other initiatives announced today include:
- 9 million for the COVID-19 Energy Assistance Program (CEAP) to support consumers struggling to pay their energy bills during the pandemic. CEAP will provide one-time payments to consumers to help pay down any electricity bill debt incurred over the COVID-19 period. Applications will be available through local utilities in the upcoming months;
- $8 million for the COVID-19 Energy Assistance Program for Small Business (CEAP-SB) to provide support to businesses struggling with bill payments as a result of the outbreak. Applications will be available through local utilities in the upcoming month.-“The government will continue to subsidize electricity bills by 31.8 per cent through the Ontario Electricity Rebate.
"The government is providing approximately $5.6 billion in 2020-21 as part of its existing electricity cost relief programs, to help ensure more affordable electricity bills for eligible residential, farm and small business consumers."