Ontario Government Powers Up Electricity Rebate
Courtesy of Barrie360.com NewsroomPublished: Oct 20th, 2023
Queen’s Park is taking more of the edge off your electricity bill.
Effective November 1, it’s bumping up the Ontario Electricity Rebate (OER) on your bill from 11.7% to 19.3%.
It’ll amount to a $26 monthly discount for the average household, which adds up to $312 over the course of a year.
But that’s not all. The provincial government is also dishing out an extra $50 million for the Ontario Electricity Support Program (OESP), giving a helping hand to more low-income families.
Todd Smith, the Minister of Energy, said, “We’re all about keeping your electricity affordable and reliable. We’re not leaving you in the dark when it comes to paying those bills.”
The government makes this OER tweak every October to keep things steady, so you can budget accordingly.
As for the OESP, the government is raising the income limits by up to 35%. For instance, a four-person household, which is eligible for an additional $40 each month in financial support, will see the maximum income eligibility threshold increase from $48,000 to $65,000 per year after-tax.
The higher income limits for OESP start on March 1, 2024.
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
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