04/05/2013 01:21 EDT | Updated 06/05/2013 05:12 EDT

Ontario Energy Board hikes hydro rates

The Ontario Energy Board announced a rate hike today that will see household hydro bills go up by approximately 2.9 per cent starting next month.

The adjustment amounts to about $3.63 for households with a "typical" consumption pattern of 800 kWh per month, according to the energy board.

The public agency made the announcement in a release, saying it sets electricity prices twice a year using updated cost estimates.

Below is the updated time-of-use as a May 1, 2013:

Source: Ontario Energy Board