8.6 C
New York
Tuesday, July 27, 2021
Home Canadian News Synergy North defers rate increase till November

Synergy North defers rate increase till November

Synergy North, a utility company based in Thunder Bay and Kenora, Ont., is deferring a rate increase to provide relief to customers during the COVID-19 pandemic.

The utility said Monday that the Ontario Energy Board did approve a revenue increase for the company, which was scheduled to come into effect on May 1, 2020.

“To provide relief and help customers during this time, the increase is being deferred by the utility to November 1, 2020,” reads a statement provided by Synergy North.

Synergy North said on a residential bill, the deferred rate increase will amount to savings of 88 cents for a residential customer using 750 kWh per month.

Small businesses connected to the Synergy North grid will have the deferred rate increase amount to savings of $2.37 per month, on a typical bill using 2000 kWh of electricity.

Delivery rates are separate from the cost of electricity use.

On April 14, 2020, the Ontario Energy Board announced that winter time of use prices will also continue beyond May 1, 2020. The move will allow customers to have cheaper power during the day (11 a.m. until 5 p.m.) than on the summer time of use pricing.

Source link

Today news
Today News 1 runs four of the western GTA’s most influential media websites, offering news, food, lifestyle and entertainment coverage for millions to the Golden Horseshoe and GTA regions. The independently-run, online news source was founded in 2019 and specializes in everything from breaking news to food and restaurant, arts and entertainment and lifestyle coverage.


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Australian company BHP makes takeover bid for Canada’s Noront Resources

Another Australian company is moving forward with a takeover bid for Noront Resources, with a cash offer for all outstanding and issued shares of the Canadian...

Wildfires in Canada are creating their own weather systems, experts say

A combination of intense heat and drought conditions is causing wildfires in Western Canada to generate their own weather systems, experts say. Michael Fromm,...

To prepare for future heat waves, classify air conditioners as medical devices, UBC expert says

Barbara Reed did everything she could to help Ollie O'Rourke keep cool on a late June evening during the deadly heat wave in...

Well water fears fuel calls to halt proposed bottling plant near B.C. village

Angie Kane knows how important well water is when you live in the heart of dry, rural B.C. For 17 years, she...

Recent Comments