News Post

New electricity prices for households and small businesses

New electricity prices for households and small businesses, effective February 23, 2021


February 23, 2021
 
  • The fixed electricity 8.5¢/kWh price in place since January 1, 2021, expired at the end of day, February 22, 2021.
  • All residential, small business and farm customers that buy their electricity from Milton Hydro and are on the Ontario Energy Board’s (OEB) Regulated Price Plan (RPP), whether they are on Time-of-Use (TOU) or Tiered pricing, returned to paying the prices set by the OEB on December 15, 2020.
  • Customers don’t need to do anything. This change happened automatically for the electricity that you use effective February 23, 2021.
  • There are also bill support programs for low-income customers. Find out more at oeb.ca/billhelp.
  • Please contact Milton Hydro to make payment arrangements and learn more about low-income and COVID-19 financial support that may be available.
QAs

What is this about?

The Ontario government announced on February 10, 2021, the fixed electricity 8.5¢/kWh price in place since January 1, 2021, expired at the end of day, February 22, 2021.

Residential, small business and farm customers that buy their electricity from Milton Hydro and are on the Ontario Energy Board’s (OEB) Regulated Price Plan (RPP), whether they are on Time-of-Use (TOU) or Tiered pricing, returned to paying the prices set by the OEB on December 15, 2020.

I have a contract with an energy retailer. What does this mean for me?

The fixed 8.5¢/kWh price did not apply to customers that have opted out of the RPP in favour of an energy contract or market-based pricing.

Customers who purchase their electricity under contract from an energy retailer will continue to pay the price agreed to in the contract. The OEB does not set these prices.

Why is the fixed price ending when I still have to stay home due to the pandemic?

To support Ontarians staying home during the COVID-19 pandemic, the Government of Ontario introduced the fixed electricity price of 8.5¢/kWh, which has been in place from January 1, 2021 until end of day, February 22, 2021.

The government has begun the gradual reopening of Ontario and made the decision to end the lower fixed electricity price.

There are bill support programs available for low-income customers. Find out more at oeb.ca/billhelp and from the government of Ontario: Ontario.ca/yourelectricitybill.

Small businesses can also apply for support through the Ontario Small Business Support Grant, which helps small businesses that were required to close or significantly restrict services under the Provincewide Shutdown. See Ontario.ca for more information on business support programs.

Customers struggling to pay their energy bills are also encouraged to call Milton Hydro and make payment arrangements and learn more about low-income and COVID-19 financial support that may be available.


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In addition, the Ontario Energy Rebate has been reduced from 33.2% to 21.2%.
Power is personal. You can choose your Regulated Price Plan. For more information on options:



 

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