New electricity prices for households and small businesses, effective November 1, 2020
The Ontario Energy Board (OEB) announced new winter electricity prices for households and small businesses, effective November 1, 2020, under the Regulated Price Plan (RPP). The total bill for a typical residential customer who uses 700 kWh per month will increase by about $2.24 or 1.97%, after accounting for the bill relief provided by the Ontario Electricity Rebate (OER), a total (pre-tax) bill credit that appears at the bottom of electricity bills. The Ontario government has increased that rebate from 31.8% to 33.2% effective November 1, 2020.
The new winter TOU prices for November 1, 2020 set by the OEB, and the hours to which those prices apply are shown below.
Electricity prices shown are in effect November 1, 2020 to April 30, 2021. These are the prices that appear on the Electricity line of your bill and are only for the electricity you use. They do not include other charges like delivery. If you have a contract with an electricity retailer, you pay the price agreed upon in the contract, not the price set by the OEB. Effective for November 1, 2020 Residential and Small business customers now have the choice to be billed either the Time of Use prices, or Tiered Prices for electricity.
