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


Latest Videos



Join the conversation Load comments

Latest in City

Toronto Police have a plan to curtail violence at Ashbridges Bay this weekend

Toronto is getting a spectacular new $25 million public art trail along the waterfront

You can soon see the biggest and brightest supermoon of the year from Toronto

Hundreds of seagull chicks found dead in Toronto Gull-maggedon

Doug Ford explains choice to give nephew cabinet spot promoting multiculturalism

Residents say they were evicted from Toronto apartments for using their air conditioning

How to watch Canada Day fireworks in Toronto for 2022

What's open and closed on Canada Day 2022 in Toronto