Customer News
October 31, 2023
Winter Electricity Prices Increase for Households and Small Businesses
New TOU, ULO, and Tiered Regulated Price Plan (RPP) will come into effect November 1, 2023
The Ontario Energy Board (OEB) has announced that electricity prices under the Regulated Price Plan (RPP) for households, small business and farms will increase as of November 1, 2023. The winter Time-of-Use (TOU) hours and the change in the threshold for residential customers on Tiered pricing will take effect November 1 as usual.
In addition, effective November 1, 2023, the Ontario government's Ontario Electricity Rebate (OER) - located under 'Other Charges' on your electricity bill - will increase to 19.3% from 18.9%. The OER is a pre-tax credit and for a typical residential customer who uses 700 kWh of electricity per month the OER will decrease bills by about $26 each month.
Winter TOU Periods and Prices: Nov. 1, 2023
| Periods | Days and Times | Price |
|---|---|---|
| Off-Peak | Weekdays 7 pm to 7 am, and all-day weekends and statutory holidays | 8.7 cents per kWh |
| Mid-Peak | Weekdays 11 am to 5 pm | 12.2 cents per kWh |
| On-Peak | Weekdays 7 am to 11 am, and 5 pm to 7 pm | 18.2 cents per kWh |
Winter Tiered Thresholds and Prices: Nov. 1, 2023
| Tiers | Thresholds | Price |
|---|---|---|
| 1 | Residential - first 1,000 kWh/month Non-residential - first 750 kWh/month |
10.3 cents per kWh |
| 2 | Residential - for electricity used above 1,000 kWh/month Non-residential - for electricity used above 750 kWh/month |
12.5 cents per kWh |
Winter ULO Prices: Nov. 1, 2023
| Periods | Days and Times | Price (c/kWh) |
|---|---|---|
| Ultra-Low Overnight | Everyday 11 pm to 7 am | 2.8 cents per kWh |
| Week-end Off-Peak | Weekdays and Holidays 7 am to 11 pm | 8.7 cents per kWh |
| Mid-Peak | Weekdays 7 am to 4 pm and 9 pm to 11 pm | 12.2 cents per kWh |
| On-Peak | Weekdays 4 pm to 9 pm | 28.6 cents per kWh |