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Ontario to cut peak hydro rates

Ontario is temporarily slashing peak hydro rates as many people work remotely during the pandemic.

Premier Doug Ford said the province is moving from time-of-use pricing to off-peak rates 24 hour a day for the next 45 days, according to the Canadian Press.

Small business and farms will also be eligible for the lowest rate possible.

The move is expected to save a typical household $20 per month, small businesses $150 and farms more than $300.