London Hydro Proposes Electricity Rate Hikes Amid Rising Operational Costs

London Hydro plans to increase electricity rates in London to cover rising operational costs and fund infrastructure upgrades. The utility stated that homeowners would see an average increase of about four per cent, while businesses and industry would face an average increase of about two per cent.

The proposed rate hikes reflect the growing cost of doing business for London Hydro, which cited inflation and increased material costs, such as Canadian red cedar poles, as key drivers. The utility requires greater investment to replace old infrastructure and increase capacity to ensure reliable power supply in London.