Ontario cuts natural gas price after revoking cap-and-trade regulations

This was posted more than 12 months ago. The information may be outdated.

By CBC News Ottawa, August 29, 2018

Premier Doug Ford says the Ontario government will remove the cost of the now-repealed cap-and-trade system from natural gas bills.

Ford says the change means families will save $80 a year and small businesses will save $285 annually.

He says the government has issued a directive to the Ontario Energy Board that will see the price of natural gas reduced by 3.3 cents per cubic metre starting on Oct. 1.