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VECC and FMTA Save Millions in Hydro Costs for Toronto Tenants

A proposed increase in hydro rates by Toronto Hydro has been denied by the Ontario Energy Board (OEB) after recommendations made by the FMTA. 

More can be read here.

Toronto Hydro was seeking to increase rates by $5 month for a typical Toronto household.

The FMTA met with the Ontario Energy Board in late November to relay our concerns about the impact such a massive increase would have on Toronto tenants.  25% of tenants pay hydro costs directly, while others pay through their rent.

The Vunerable Energy Consumer Coalition (VECC) of which the FMTA is a key member also made key recomendations to the Board.

While the OEB denied the rate increase for Hydro, the FMTA also urged the Ontario Energy Board to consider a full hearing for Toronto Hydro to determin if the companies claim that their infrastructure needs required such a large increase, were correct. The OEB denied the full hearing.

January 12, 2012

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