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Tillsonburg Hydro is Deferring Rate Increases Until November

Tillsonburg Hydro has decided to defer scheduled rate increases until November due to the pandemic.

TILLSONBURG - Tillsonburg Hydro has decided to defer scheduled rate increases until November due to the pandemic.

On April 16, 2020, Tillsonburg Hydro Inc. received a Decision and Rate Order, from the Ontario Energy Board, for their annual inflation-based increase to rates. 

In light of the COVID-19 pandemic, THI has decided to defer the implementation date of these rate changes from May 1, 2020 to November 1, 2020. THI is hopeful that this deferral will provide cash flow relief to our customers during this tough economic time.

Had THI not decided to defer the rate changes, residents would have noticed a 1.4 percent inflation adjustment increase to the rates. 

A 3 and 3.5 percent increase had also been approved for the retail transmission rate and it would have depended on the customer classification. 

Residents of Tillsonburg will be notified when those rate changes do indeed take place. 
 

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