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Ontario Reducing Electricity Costs for Families and Businesses
(Oakville, ON) September 16, 2016 - Oakville Hydro hosted the Honourable Kevin Flynn, MPP for Oakville and Minister of Labour for Ontario to announce Ontario's action to reduce energy costs. If the legislation is passed, it would rebate the provincial portion of the HST from the electricity bills of residential, small business and farms as of January 1, 2017.
These actions would directly benefit electricity consumers in Oakville including:
Reducing Ontario residential electricity bills by 8 per cent on the amount before tax, an average savings of about $130 annually or $11 each month
Providing eligible rural ratepayers with additional relief, decreasing total electricity bills by an average of $540 a year or $45 each month
Empowering businesses to reduce their bill by up to 34 per cent through the expansion of the Industrial Conservation Initiative