Electricity costs in Ontario are steadily climbing. The current average rate is 14.1 cents per kWh, meaning the typical household, using about 1,000 kWh a month, spends $141 monthly on electricity. Just a few years ago, in 2020, this cost was 12.5 cents per kWh, or $125 per month.
With guaranteed price hikes over the next two years, and historical data showing average annual increases of 3.3%, the trend is clear. For an average Ontario family using 16,080 kWh per year, that’s roughly $2,542.25 annually—before HST.
Going solar is one of the smartest ways to take control of these rising costs. By locking in your energy rates, you can protect yourself from future increases and eventually reduce your monthly utility bills to nearly zero!