Hydro Rates increasing AGAIN on May 1st to pay the FIT pigs at the trough!

Posted: April 5, 2013 in Uncategorized

Your about to get hammered again on May 1st by almost a 3% increase in electricity rates as announced by the Ontario Energy Board.

Courtesy Bing

This gaggle of gerbils at Queen’s Park has undermined our Energy sector so badly with their interference, legislated passage of the GEA and extension of the FIT, Feed In Tariff program for sleazy Wind and Solar developers that now Ontario consumers may have to start cutting back on food purchases in order to make sure the FIT Pigs at the trough get their pound of flesh ($$$) from our pockets!

Force an election you Opposition idiots and get on with cleaning this rotten Government out of the Pink Building at Queen’s Park Circle!!!!

Here’s the way the OEB is dressing it up so you don’t think it’s that bad!……………Honesty is long gone in this Province!………………………

Ontario Energy Board: Selective Calculations or Hiding the Facts

The Ontario Energy Board (OEB) issued their semi-annual press release that set the prices for time-of use (TOU) rates for the next 6 months commencing May 1, 2013.

It is another increase, but the OEB couch their words to make it sound like its just another small increase and you will hardly notice it. The release states: “The price change for consumers is an increase of approximately $3.63 on the “Electricity” line, or about 2.9% on the total monthly bill, for a household with a typical consumption pattern that uses 800 kWh per month.
What they don’t tell you is that the calculations (as the below chart indicates) are only for 6 months. That 0.4 cents is really an increase of 6.3% for the “Off-peak” rate and if they were honest and said it is for a 6 month period you would quickly discern the annualized increase will be 12.6% if the performance is repeated this fall. The other two TOU increases would work out to annualized increases of 10.2%.
Category Time(s) Price Change
Off-peak
Weekdays 7pm-7am

All day weekends and holidays

6.7 ¢/kWh (up 0.4 cent)
Mid-peak
Weekdays 7-11am

and 5-7pm

10.4 ¢/kWh (up 0.5 cent)
Peak Weekdays 11am-5pm 12.4 ¢/kWh (up 0.6 cent)
If you multiply the tiny increase they describe at $3.63 per month it turns out to be $44.00 per annum and adding the 13% HST, the increase is $50.00 per year.
With 4.5 million ratepayers in the Province the $50 per “average ratepayer” the OEB has just blessed ; will see the removal of $225 million from Ontario ratepayers pockets. That is another $225 million we won’t have to spend but the $225 million will presumably ensure that wind and solar generators continue to be subsidized for their unreliable and intermittent first to the grid generation.
Time for some basic math training at the OEB. This ratepayer thinks its time for the OEB to stop fudging the numbers and tell it like it really is!
Parker Gallant
April 5, 2013

Electricity rates going up

BY  ,QUEEN’S PARK BUREAU CHIEF April 5/2012

TORONTO – Ontario hydro customers should prepare for a jolt.

The Ontario Energy Board (OEB) announced Friday that it was increasing electricity rates as of May 1, just in time for the air conditioning season.

“The price change for consumers is an increase of approximately $3.63 on the ‘electricity’ line, or about 2.9% on the total monthly bill, for a household with a typical consumption pattern that uses 800 kWh per month,” an OEB statement says.

Ontarians on time-of-use electricity pricing will switch over to the summer schedule on May 1.

The peak pricing period – weekdays from 11 a.m. to 5 p.m. – will see a 0.6 cent increase to 12.4 cents kWh.

READ MORE HERE:

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