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Do you feel like you’re paying more for electricity this summer well, you definitely are.
In the past five years, the price of electricity in Ontario has almost doubled. In May, the rate jumped up again and it’s forced businesses to pay closer attention to their bottom line.
While at an indoor driving range in Scarborough, Ontario Progressive Conservative Party Leader Patrick Brown took the opportunity to tee-off on the Liberals’ management of the price of electricity. “With hydro prices that are skyrocketing in an unacceptable fashion, it’s too much weight on the backs of small business.”
So far, energy prices have gone up twice this year. First on the New Years Day when the clean energy benefit discount ended and then again in May to compensate for low power needs during our mild winter.
During on-peak times, it now costs you 18 cents per kilowatt hour, six years ago, it cost you only 9.9 cents and when you own a 70-thousand square foot indoor climate-controlled driving range, the hike is very clear.
In order to make ends meet, Jim Tsakalos says he may have to tweak prices for the first time in a decade.
Back in Hamilton, while it isn’t as big, the countless refrigerators, stoves and neon lights at the West Town bar has their bill trailing not too far behind
If prices continue to increase owners here will have to start hiking up prices for things like food.
Brandon Stanichuk from West Town is looking for ways to save energy but knows it could be all for not if prices keep going up.
A representative from Horizon Utlities say they got the occasional customer calling over a higher-than usual bill but they actually have a video detailing to customers how they’re billed every month in order to show that they have very little control over what they pay.