Electricity will become more affordable for ordinary Canadians
This will be reflected already in the receipts for November.
After reforms in home retrofits and food prices, the Canadian government is taking an ambitious step with a new energy affordability package. It entails four points.
Temporary suspension of fuel charges for heating oil deliveries
It comes into effect on November 9 in all provinces and territories where it currently applies — affecting approximately 1.1 million homes in total. The temporary suspension is for a three-year period.
The cost and use of heating oil varies depending on the size of the household, the severity of the weather, and the type of heating. It is estimated that, on average, this measure will save the average Atlantic Canadian household using 1,500 liters of heating oil per season about CA$ 261 this year.
The measure suggests that registered distributors will not pay fuel duty on light fuel that is supplied solely for use in providing heat to a home, building or similar structure. Details in the full text of the draft will appear on the website of the Department of Finance in the coming days.
Doubling of Rural Top-Up for Pollution Pricing Rebates
To support Canadians in rural communities, the government has announced a doubling of the rural premium from 10% to 20%. Rural residents will receive their first increased payment in April 2024, and the increase will apply in all subsequent years.
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