The Ontario Energy Board (OEB) has released new seasonal electricity prices under the Regulated Price Plan (RPP). The new rates take effect from May 1, 2014 to October 31, 2014 and apply to residential and small business customers who do not buy electricity under a retail electricity contract.

For Time-of-Use (TOU) customers prices will be:

  • Off-peak Price (from 7 p.m. to 7 a.m. on weekdays and all day weekends and holidays) - 7.5 cents per kWh
  • Mid-peak Price (from 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m. on  weekdays) - 11.2 cents per kWh
  • On-peak Price (from 11 a.m. to 5 p.m. on weekdays) - 13.5 cents per kWh

For TOU customers this represents an approximate 2.4% increase on the total bill per month, or $2.83 per month based on an average usage of 800 kWh.
The change in prices is due in large part to the higher costs of generation (including renewables) that is forecast over the next 12 months. Electricity prices make up about half of the average household bill and are set bi-annually by the Ontario Energy Board.*

The new prices are represented on the “Electricity” line of customer bills. Tiered RPP prices and thresholds also change on May 1st.  Find out more about the electricity price change from the OEB website.

*Many consumers are not aware that local distribution companies, including Burlington Hydro, are the billing agent for Ontario’s electricity system and that they collect on behalf of all other electricity market participants and the government. Burlington Hydro only collects its distribution portion (indicated as part of the Delivery line on the bill) which accounts for approximately 22% of a customer’s entire electricity bill.