QUEEN’S PARK – OP-ED – The Ontario Liberal Government is building a clean, efficient electricity system. Last week, we announced measures to help families save money and businesses, conserve energy, invest in their operations while managing costs and saving money.
First, we announced the removal of the Debt Retirement Charge (DRC) from all residential bills. Ratepayers have been paying, through the DRC for the debts accumulated by the former Ontario Hydro when the previous Conservative government meddled with the electricity sector. This measure will take about $70 pre-tax per year off the average household bill.
We also announced the development of the Ontario Electricity Support Program, to provide support for modest income families. Eligible low income families or individuals could receive 10% per month off their electricity bill. This means an eligible family will save on average $180 per year, plus $70 for removal of the DRC, for a total reduction of $250 per year.
The Province is equally committed to helping small, medium and large businesses manage their electricity costs.
We are introducing a new 5-point program to assist small businesses, and ensure they have the tools and resources to conserve energy and manage costs. We are also expanding our existing industrial price support programs to allow significant price reductions for medium and large businesses in Ontario.
These measures will save money for many small, medium and large electricity consumers.
And over the last year and in this year’s budget, we provide relief for individuals and families, and help keep our businesses competitive.
Minister of Energy
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