September 16, 2016
As part of its balanced plan to build Ontario up and help people in their everyday lives, Ontario is taking action to reduce electricity costs and has introduced legislation that, if passed, would rebate the provincial portion of the HST from the electricity bills of residential, small business and farms as of January 1, 2017.
“This new measure, one of the single largest actions to reduce electricity costs in Ontario’s history, will deliver meaningful relief for households and businesses in Markham and across the province. We have just come through one of the hottest summers on record and I am so impressed that our government’s massive investments to transform our energy system into a strong, clean, reliable and modern electricity grid provided the power we needed, when we needed it.”
— Michael Chan, M.P.P., Markham-Unionville
Rural electricity ratepayers would receive additional relief and commercial, institutional and industrial ratepayers would also benefit from lower electricity costs.
Over the last number of years, Ontario’s economy has recovered from the impact of the global recession. While the province and independent economic analysts project consistent economic growth for Ontario, many families are not yet feeling the impact of the recovery in their everyday lives. Therefore, Ontario intends to take action to help with the costs related to electricity.
Together, these actions would directly benefit electricity consumers in Markham, including
Across Ontario, about five million residential consumers, farms and small businesses, along with more than one thousand industrial customers will be positively impacted by these changes.
Helping Ontarians with the cost of everyday living and helping businesses compete are part of the government's economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes helping more people get and create the jobs of the future by expanding access to high-quality college and university education.
The plan is making the largest investment in hospitals, schools, roads, bridges and transit in Ontario's history and is investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.