We should brace for the price of electricity to climb higher.
The Ontario Energy Board says utilities can raise rates to cover 18 million dollars in fines and court costs they had to pay after the courts ruled they were charging too high an interest rate on late payments.
The energy board is also expected to rule shortly on a request from Ontario Power Generation for a 6.2 per cent increase in electricity rates effective March 1st.
O-P-G claims that increase would add about $1.86 to a typical homeowner’s monthly hydro bill.
