Oakville’s Families and Small Businesses will see Electricity Bill Reductions

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Oakville’s Families and Small Businesses will see Electricity Bill Reductions

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Kevin Flynn

Kevin Flynn

Kevin Flynn is the MPP for Oakville. He is the Minister of Labour, and has held the following positions: Chief Government Whip, Chair of the Standing Committee on Finance and Economic Affairs, Parliamentary Assistant to the Minister of Transportation, and the Parliamentary Assistant to the Minister of Infrastructure. He has been involved in Oakville politics since he was elected in 1986.

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As part of its balanced plan to build Ontario up and help people in their everyday lives, Ontario is taking action to reduce electricity costs and has introduced legislation that, if passed, would rebate the provincial portion of the HST from the electricity bills of residential, small business and farms as of January 1, 2017. Rural electricity ratepayers would receive additional relief and commercial, institutional and industrial ratepayers would also benefit from lower electricity costs.

Over the last number of years, Ontario’s economy has recovered from the impact of the global recession. While the province and independent economic analysts project consistent economic growth for Ontario, many families are not yet feeling the impact of the recovery in their everyday lives. Therefore, Ontario intends to take action to help with the costs related to electricity.

Together, these actions would directly benefit electricity consumers in Oakville including:

  1. Reducing Ontario residential electricity bills by 8 per cent on the amount before tax, an average savings of about $130 annually or $11 each month
  2. Providing eligible rural ratepayers with additional relief, decreasing total electricity bills by an average of $540 a year or $45 each month
  3. Empowering businesses to reduce their bill by up to 34 per cent through the expansion of the Industrial Conservation Initiative

Across Ontario, about five million residential consumers, farms and small businesses, along with more than one thousand industrial customers will be positively impacted by these changes.

Helping Ontarians with the cost of everyday living and helping businesses compete are part of the government’s economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest investment in hospitals, schools, roads, bridges and transit in Ontario’s history and is investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.

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