Following price hikes in November and January, the Ontario Energy Board is set to hike rates again.
This time, prices are going up 2.5%, which works out to an added $3.13 for the average home.
But the reason may leave you baffled.
In a release, the OEB says "Ontarians consumed less electricity than expected over the recent milder winter. As a result of lower usage, Regulated Price Plan (RPP) prices did not recover the full cost of serving RPP customers. One of the main reasons prices are increasing in May is to recover this shortfall. "
The release also says the average Ontario home is using less electricity every month and two-thirds of their usage is done during off-peak hours.