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On May 1st time-of-use (TOU) Ontario electricity rates increased with on-peak now at 18 cents per kWh. According to a government spokesperson, the increase is due to a mild winter resulting in lower usage. Not a very good message to electricity users that are already paying a premium because of green energy initiatives. Although most businesses are not billed on TOU, similar price increases are occurring with Ontario businesses. While the electricity commodity price stays low, the overall bill is going up as other line items such as the GA increase.
Current Ontario Electricity Generation Capacity
- Nuclear: 13,014 MW
- Gas: 9,907 MW
- Hydro (water): 8,841 MW
- Solar: 2,078 MW
- Wind: 3,908 MW
- Bio: 599 MW
Projected Ontario Electricity Generation Capacity by 2020
- Nuclear: 11,311 MW
- Gas: 10,868 MW
- Hydro (water): 9,024 MW
- Solar: 3,851 MW
- Wind: 5,681 MW
- Bio: 659 MW
(Source: Independent Electricity System Operator)
