Today the Ontario Energy Board (OEB) announced new electricity regulated price plan (RPP) rates for the coming winter. In the winter of 2009-2010, the Off-Peak Time-Of-Use Rate was 4.4 cents/kWh. It will be 6.2 cents/kWh for the winter of 2011-12, which is an increase of 41% over the past 2 years; the single-year increase is 21.6%. In only 4 years the off-peak price, in winter, has doubled through consecutive annual, increases of 33%, 10%, 15.9%, and 21.6% (figures are here).
Is the OEB regulating electricity pricing or selling gas furnaces?