10/29/2026
Hydro prices drop on November 1. A typical bill still goes up. Here’s the line on your bill most people skip ↓
What changes, with the math:
Electricity prices fall about 7% on November 1. One reason: Ontario expects a $205 million surplus by October 31. Customers paid more than power cost, so it goes back as lower prices.
The catch: find the line «Ontario Electricity Rebate» on your bill. It’s a discount from the province, and on November 1 it shrinks from 23.5% to 15.7%.
Example: a home using 700 kWh a month
−$6 cheaper electricity
+$13 smaller discount
= about $7 more a month, around $80 a year before HST
Your number depends on your usage and your utility.
3 free fixes for winter:
1. On time-of-use? Run laundry, dishwasher and EV charging after 7 p.m. or on weekends: 9.1¢ instead of 18.9¢
2. Check your kWh, not just the rate. Winter bills rise because you use more. Compare plans at oeb.ca/choice
3. Lower-income household? Check if you qualify for OESP: $35–$75 off a month
The fix that lasts is a home that needs less power. Ontario and Canada offer rebates for heat pumps and insulation, but the rules matter: most insulation rebates need an energy assessment before work starts, and the assessment route pays only if you complete at least two upgrades. Full guide in our next post.
Renovating this winter? Tell us which rooms feel cold. We add heating and insulation to your free 3D design and drawings, and help you line up the energy assessment before work starts.
Comment REBATE and we’ll send you our rebate guide.
Capable Group Design Build Renovations · 25 years in the GTA