The province has introduced a fixed electricity price, known as the COVID-19 Recovery Rate that takes effect today. The 12.8 cents per kWh rate is based on the average cost of electricity, set by the Ontario Energy Board. This fixed rate will continue to suspend time-of-use prices in a fiscally responsible manner. By introducing this new fixed rate, consumers will have greater flexibility to use electricity when they need it without paying on-peak and mid-peak prices.
The COVID-19 Recovery Rate will be in effect from now until the end of October.