Ontario Energy Board Announces Lower Electricity Prices for Regulated Price Plan Customers
Summer Time-of-Use (TOU) hours, and summer Tier threshold come into effect May 1, 2021
The Ontario Energy Board has lowered electricity prices for households and small businesses under the Regulated Price Plan (RPP).
The Government is also decreasing the Ontario Electricity Rebate (OER) from 21.2% to 18.9% effective May 1, 2021. The Government’s intention is that, for residential and small business customers, the reduction in the electricity price will be offset by the change in the OER. The OER is a total pre-tax credit that appears at the bottom of electricity bills. As a result of lower RPP prices and the reduced OER, typical residential customer bills will be held stable.
Please note that the hours during which the new prices apply have also changed for the summer season.
Time-of-Use Pricing (May 1, 2021 to October 31, 2021)
|Off-Peak||Weekdays 7 pm to 7 am, and all-day on Weekends and Statutory Holidays||8.2 cents per kWh|
|Mid-Peak||Weekdays 7 am to 11 am, and 5 pm to 7 pm||11.3 cents per kWh|
|On-Peak||Weekdays 11 am to 5 pm||17 cents per kWh|
New Tiered Pricing and Thresholds for those paying Tiered prices (May 1, 2021 to October 31, 2021)
|Tier 1||Residential – first 600 kWh/month Non-residential||9.8 ¢/kWh|
|Non-residential – first 750 kWh/month||9.8 ¢/kWh|
|Tier 2||Residential – use above 600 kWh/month Non-residential||11.5 ¢/kWh|
|Non-residential – use above 750 kWh/month||11.5 ¢/kWh|