Ontario’s Clean Energy Benefit is no more. As of January 1, 2016, electricity costs will rise thanks to the retirement of the 10 per cent rebate electricity users have enjoyed since January 1, 2011. The benefit was a five-year plan intended to offset rising electricity costs.
It comes at a time when electricity costs continue to rise. The Ontario Energy Board announced an increase in winter rates effective November 1, 2015.
The rise won’t be as large as it could be for residences, however: those will be exempt from the Debt Retirement Charge (DRC) also beginning on January 1.
The changes mean that Ontarians will see an average of a $10 increase on electricity bills, in addition to the new, higher winter rates. Low-income electricity consumers can apply to the new Ontario Electricity Support Program for a credit based on household income and number of residents. Those credits, once approved, are applied directly to your electricity bill.