Get ready for higher hydro rates

The price of hydro is going up.

Time-of-use electricity prices, including peak, mid-peak and off peak rates are all on the rise.

As for the impact on your wallet, it’s estimated the changes will add about $3.13 a month to the electricity line on the average hydro bill for a household using 750 kwh a month.

The board sets rates every six months, and adjusts the hours for peak and off-peak periods, with changes every May 1 and Nov. 1.

(With files from The Canadian Press)