WATERLOO — Electric bills in Waterloo, already the highest in the region, are poised to rise higher.
City council’s electric utility is seeking to hike its delivery charge 18.5 per cent next May, in part to continue pouring millions in profits into city coffers.
If approved by the Ontario Energy Board, the increase would add $69 to the annual electric bill of an average residence in Waterloo, Woolwich and Wellesley. This equals an increase of five per cent on a current bill of $1,345, including all charges and taxes.