The Ontario Energy Board has given final approval to the planned hydro rate reduction scheduled to take effect on July 1.
The reduction, which amounts to a 17 cent per cut for most households, will be added to the 8 per cent cut that has been in place since the beginning of the year.
Low-income earners and those living in certain rural and remote communities will receive additional savings.
The reductions are those included in the Fair Hydro Plan which passed earlier this year at Queen’s Park.