Slight Decrease in Summer Electricity Prices Announced

May 1 to October 31, 2018

The Ontario Energy Board (OEB) has announced new electricity prices for the summer period that begins May 1, 2018. The new time-of-use (TOU) prices are for residential and small business customers under the Regulated Price Plan (RPP) and who buy their electricity from their utility.

The OEB has set new Regulated Price Plan (RPP) electricity prices on the basis of the rate of inflation as required by the Ontario Fair Hydro Plan Act, 2017.

The only change is to mid-peak prices which have decreased by 0.1 cents/kWh.

  • Off-Peak – Weekdays 7 pm to 7 am, all day weekends and holidays – 6.5 cents/kWh – no change
  • Mid-Peak – Weekdays 7 to 11 am and 5 to 7 pm – 9.4 cents/kWh – down 0.1 cents/kWh
  • On-Peak – Weekdays 11 am to 5 pm – 13.2 cents/kWh – no change

For those customers with an energy retailer the OEB sets a credit that reduces their Global Adjustment charges.

Read the OEB News Release

Learn more from the Backgrounder

Learn more about the Fair Hydro Plan

-end-