Retailer has come to the door – trying to sell low rates. What are the rates with Innisfil Hydro and how do they compare with the rate that the retailer is offering?
If you are a residential or low volume commercial customer, the current rates for the electricity commodity portion of your bill (under the heading “Electricity”) are set by the Ontario Energy Board and are called a “Regulated Price Plan”. Under the Regulated Price Plan, from May 1 to October 31, the current rates are 5.8 cents for the first 600 kWh and 6.7 cents for the balance if more than 600 kWh are used. From November 1 to April 30, the rates are 5.5 cents for the first 1000 kWh and 6.4 cents for the balance if more than 1000 kWh are used. If you sign a retail contract, all the other charges on your current bill continue to be billed to you, in addition to the charges for the electricity at the retailer’s contract price. Also, you should be aware that if you sign a retail contract, you will be billed a “true-up” on your final Standard Supply Service bill as you will be exiting the Regulated Price Plan.
