The Ontario Energy Board announced a rate hike today that will see household hydro bills go up by approximately 2.9 per cent starting next month.
The adjustment amounts to about $3.63 for households with a "typical" consumption pattern of 800 kWh per month, according to the energy board.
The public agency made the announcement in a release, saying it sets electricity prices twice a year using updated cost estimates.
Below is the updated time-of-use as a May 1, 2013:
Weekdays 7pm-7am All day weekends and holidays
(up 0.4 cent)
Weekdays 7-11am and 5-7pm
(up 0.5 cent)
(up 0.6 cent)
Source: Ontario Energy Board