Camp owners and seasonal Hydro One customers could be facing skyrocketing electricity rates over the next ten years, after a decision from the Ontario Energy Board.
The OEB has ordered Hydro One to eliminate its seasonal rate class, starting on January 1, 2023. Changes will be phased in over a ten-year period, with increases of about 10 per cent each year.
The board says current distribution rates do not appropriately reflect the cost to serve seasonal customers, and they’re paying less than what they should be compared to other customers. About 84,000 customers will be affected.
However, the OEB says about half of Hydro One’s seasonal customers will see a bill decrease, while the other half will see increases, depending on which residential rate class customers will be switched into.
Hydro One says you’ll be notified of your rate changes by mail.