According to this leaked document recently released by the CBC, while hydro bills in Ontario are projected to stay below last year’s record high until 2024, they will steadily climb back up and surpass $200 a month on average by 2028.
Ontario Hydro Bills Allegedly Will Increase Over Next Decade
So, remember how the Ontario government, after ignoring the issue of rising hydro rates and skyrocketing electricity bills for years, finally acquiesced to a 25 per cent hydro rate cut in their recent budget? Many in the province saw that as political opportunism in response to the Ontario Liberals losing a couple of by-elections in the last few years, but at least the budget was balanced and we were getting a break on our electricity bills.
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