ontario hydro rates

Ontario slashing hydro rates by 25%

There's finally relief in sight from your soaring hydro bill. That's because the Toronto Star's reporting that Ontario Premier Kathleen Wynne is getting ready to cut hydro rates by 25 per cent.

While Wynne's office refused to confirm this with the Star, this reduction is slated to be finalized at a cabinet meeting today.

The Star writes that these cuts will come by “'smoothing out' the financing costs of electricity generation contracts over longer periods.”

Yesterday, NDP leader Andrea Horwath promised to slash hydro rates by as much as 30 per cent.

Lead photo by

William Self


Join the conversation Load comments

Latest in City

Massive Toronto bust nets $17M worth of cocaine and other drugs

School buses stolen and taken on joy ride before being dumped in Vaughan creek

Police searching for man who walked into school and punched teacher in the face

Impending snowstorm threatens to impact commute in Toronto

Police seize one home and more than $2M in illegal cannabis and cash in huge bust

Toronto was just deemed the second-fastest rising global city in the world

This Toronto street now has more than 50 giant santas

Doug Ford defends decision to keep big box stores open