Announcement Regarding Changes to Winter Time-of-Use/Tiered Pricing and the OER Effective November 1, 2021
The Ontario Energy Board (OEB) announced on October 22, 2021 that electricity prices for households and small businesses will not change as of November 1, 2021 under the Regulated Price Plan (RPP). The winter Time-of-Use (TOU) hours and the change in the Tier threshold for residential customers on Tiered pricing will take effect November 1 as usual. Also, effective November 1, 2021 the Ontario government’s Ontario Electricity Rebate (OER) will be reduced from 18.9% to 17.0%.
Time-of-Use Pricing:
|
Winter TOU Price Periods
|
November 1, 2021 TOU Prices
|
|
Off-Peak
(Weekdays 7 p.m. – 7 a.m., all day weekends and holidays)
|
8.2 c/kWh
|
|
Mid-Peak
(Weekdays 11 a.m. – 5 p.m.)
|
11.3c/kWh
|
|
On-Peak
(Weekdays 7 a.m. – 11 a.m. and 5 p.m. – 7 p.m.)
|
17.0c/kWh
|
Tiered Pricing:
|
|
Winter Tier Thresholds
|
November 1, 2021 Tiered Prices
|
|
Tier 1
|
Residential – first 1,000 kWh/month
Non-residential – first 750 kWh/month
|
9.8c/kWh
|
|
Tier 2
|
Residential – for electricity used above 1,000 kWh/month
Non-residential – for electricity used above 750 kWh/month
|
11.5/kWh
|
To learn more about electricity rates and time-of-use/tired pricing on the OEB’s website at:
https://www.oeb.ca/rates-and-your-bill/electricity-rates
As mentioned, effective November 1, 2021, are changes to the Ontario Electricity Rebate (OER), which is a pre-tax credit that appears at the bottom of customers’ electricity bills. The update to the OER includes a decrease in the pre-tax credit from 18.9% to 17%. This change will be done in accordance with O. Reg. 363/16 (General) made under the Ontario Rebate for Electricity Consumers Act, 2016, which is available on Ministry of Energy’s website at: https://www.ontario.ca/laws/regulation/160363.