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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

See OEB Announcement for more information