HomeMy WebLinkAboutThe Times-Advocate, 2002-11-20, Page 11Wednesday, November 20, 2002 11Exeter Times–Advocate
We’re bringing it down now:
There are things you can do without, but hydro isn’t
one of them. So we are introducing new legislation
to get rates down.
Lower fixed rates and refunds
• Effective December 1, 2002, the price of power
would be lowered to 4.3 cents per kilowatt hour -
the rate that existed prior to May 1.
• This rate would be frozen until at least 2006.
• The 4.3 cent price would be retroactive to May 1,
2002, with the difference between what you paid since
May 1 and what you would have paid at a frozen price
of 4.3 cents/kWh refunded to you.
• Even consumers who signed fixed contracts for higher
prices would pay just 4.3 cents.
• Consumers would benefit from the price of delivery
being capped at current levels.
Two things
we’re doing to lower
your hydro bill.
1
We’re going to keep it down:
Short-term relief is not enough. So our action plan
also has longer-term provisions designed to keep
bills down in the future.
Stimulate new electricity supply
Ontario’s electricity supply has played a key role in our
enduring economic success. And to ensure it continues
to do so, here are some of the longer-term measures
that would stimulate new supply as well as help the
environment:
• Ensure an increased supply of electricity from
Niagara Falls by proceeding with the expansion of the
Sir Adam Beck Generating Station.
• Comprehensive tax incentives given to help create
more electricity from cleaner, alternative and renewable
energy sources.
2
You should be able to count on stable and reasonable hydro bills. Our action plan ensures it for the present and the future.
From now on, the only reason your hydro bill would increase is if you use more power. And that’s precisely how it should be. For more
information or to receive the full details of our action plan, visit us online at www.energy.gov.on.ca or call 1-888-668-4636.
MEDIA LIST:Tel:(416) 972-5641,Fax:(416) 413-7507
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