Ontario’s Fair Hydro Plan (OFHP), introduced by the Government of Ontario has lowered electricity bills for residential, farm and small business customers by an average of 25 per cent across the province.
8% Provincial Rebate
The 25% reduction includes the 8% provincial rebate introduced in January 1, 2017. Residential customers are eligible for this rebate equal to the provincial portion of the Harmonized Sales Tax (HST). The savings for a typical residential customer using about 800 kWh per month are approximately $130 annually or $11 each month. The rebate does not have an expiry date.
Did you know? Residential customers automatically qualify for the 8% Provincial Rebate and don’t need to sign up to receive the credit. It will simply appear on your bill each month.
Eligibility to receive the rebate is defined under the Ontario Rebate for Electricity Consumers Act, 2016.
Business, institutional and industrial customers may qualify for the 8% Provincial Rebate. Businesses with a demand of less than 50 kilowatts automatically qualify.
The Affordability Fund (AF) provides free energy-saving upgrades to eligible residential customers for home energy efficiency improvements to help lower home energy use and their electricity bill.
More about Ontario’s Fair Hydro Plan
- Rate increases will be held to the rate of inflation for four years.
- The province has expanded the Ontario Electricity Support Program, by providing 50 per cent more support in the form of monthly credits for people with low incomes and increasing eligibility, effective May 1, 2017.
- A portion of the Global Adjustment has been re-financed, with the costs of clean energy investments spread out over a longer period of time. This ensures that the costs of these investments are allocated fairly among current and future ratepayers. The refinancing of the Global Adjustment will represent the largest portion of overall savings for the average residential Hydro Ottawa customer.
To find out more, visit Ontario.ca/FairHydroPlan.