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Todd Smith, Minister of Energy, announced that the government is advancing work to deliver a new optional ultra-low overnight electricity price plan. This is part of the plan to provide customers with more ways to save money and take control of their energy bills.
According to a report released on April 12, 2022 by Ontario’s independent energy regulator, the Ontario Energy Board (OEB), the new rate could save customers up to $90 per year. At the same time, the new rate will support electric vehicle (EV) adoption and the province’s growing EV manufacturing industry by decreasing overnight charging costs when province-wide electricity demand is lower.