Posts: 82
Location: ontario
Posted on: 18-01-08 17:59:12
Quote:Originally posted by dimple2001
I have also signed up for Hydro One electric at 8 cents as opposed to the current 5 cents or so. Supposedly, the rates are going up to 12 cents....
This is in Windsor.
I currently pay about 5.5C / KWH for my hydro. This is the utility rate and not a fixed price rate. I highly doubt utility rates will go to 12 cents / KWH. At 8 cents / KWH (contracted rate) you are paying about 60% more for your hydro.