Newspaper article The Canadian Press

Ontario Audio 3:05 PM ET

Newspaper article The Canadian Press

Ontario Audio 3:05 PM ET

Article excerpt

Ontario Audio 3:05 PM ET

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R02 - (Ont-Hydro)

TORONTO. x-11s. Ontarians will see lower hydro bills for the next 10 years, but will then pay the price for that decrease for the following 20 years. Ten weeks after announcing a plan to lower hydro bills, the Liberal government has introduced its legislation today. After 10 years, electricity consumers will start paying back the debt and interest that will have accrued in order to get them lower bills in that first decade. Energy Minister Glenn Thibeault says it's about spreading out costs.

("..fair approach.") (SOURCE:The Canadian Press)

TAG: Time-of-use rates are being lowered by removing from bills a portion of the global adjustment, a charge consumers pay for above-market rates to power producers. …

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