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Ontario Advances Work on New Ultra-Low Overnight Electricity Rate

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.

News Release:

EN: https://news.ontario.ca/en/release/1002018/ontario-advances-work-on-new-ultra-low-overnight-electricity-rate

FR: https://news.ontario.ca/fr/release/1002018/lontario-fait-progresser-les-travaux-sur-un-nouveau-tarif-delectricite-de-nuit-tres-bas