May 1, 2018, Niagara-on-the-Lake – Many utilities across Ontario will roll out their new rates today along with the new time-of-use rates summer pricing schedule. Niagara-on-the-Lake Hydro’s new rates are the lowest in Niagara for Residential & Large Businesses and second lowest for Small Businesses.
|Rate Class||Residential||Small Business (GS<50)||Large Business (GS>50)|
|Average Monthly Usage||750 kWh||2,000 kWh||200,000 kWh|
|Average Monthly Charge||$38.63||$86.44||$3,504.94|
|Niagara Utility Ranking||Lowest Charge||2nd Lowest Charge||Lowest Charge|
Note – Some LDCs start new rates as of January 1 each year. Alectra Utilities and Hydro One rates are still under review (their current rates are posted).
RESIDENTIAL DELIVERY CHARGE COMPARISONS
SMALL BUSINESS DELIVERY CHARGE COMPARISONS
LARGE BUSINESS DELIVERY CHARGE COMPARISONS
TIME-OF-USE RATE UPDATE
May 1 marks the change of time-of-use pricing for residential and small businesses. The schedule and pricing revert to the Summer Schedule and with updated rates.
- Off-Peak – 6.5¢ /kWh (no change)
- Mid-Peak – 9.4¢ /kWh (lower 0.1¢)
- On-Peak – 13.2¢ /kWh (no change)