The Ontario Energy Board (OEB) says residents can expect to save some money on their electricity bill over the coming months.
Electricity prices for households and small businesses will be lowered as of November 1st, 2022 under the Regulated Price Plan (RPP). The winter Time-of-Use (TOU) hours and the change in the threshold for residential customers on Tiered pricing will take effect November 1st as usual.
Also effective November 1st, the Ontario government’s Ontario Electricity Rebate (OER) will be changed to 11.7%. The OER is a pre-tax credit that appears at the bottom of electricity bills. For a typical residential customer[1] who uses 700 kWh of electricity per month, the OER would decrease bills by about $13.91 each month.
The TOU prices set by the OEB for November 1, 2022 are shown in Table 1 below. The table also shows the hours to which those prices apply:
|
Winter TOU Price Periods |
November 1, 2022 TOU Prices |
|
Off-Peak Weekdays 7 p.m. – 7 a.m., all day weekends and holidays |
7.4 ¢/kWh |
|
Mid-Peak Weekdays 11 a.m. – 5 p.m. |
10.2 ¢/kWh |
|
On-Peak Weekdays 7 a.m. – 11 a.m. and |
15.1 ¢/kWh |
The table below shows the prices for customers on the Tiered price plan as well as the kilowatt-hour thresholds. The seasonal change in the threshold for residential customers provides for an additional 400 kWh/month at the lower price in the Winter:
|
Winter Tier Thresholds |
November 1, 2022 Tiered Prices |
|
|
Tier 1 |
Residential – first 1,000 kWh/month Non-residential – first 750 kWh/month |
8.7 ¢/kWh |
|
Tier 2 |
Residential – for electricity used above 1,000 kWh/month Non-residential – for electricity used above 750 kWh/month |
10.3 ¢/kWh |
Residential and small business customers can choose their price plan, either TOU or Tiered prices. The OEB has an online bill calculator to help customers who are considering a switch in price plans. For more information, see oeb.ca/choice.
- Find out about low-income bill payment support programs at oeb.ca/billhelp.
- Learn more about the Ontario government’s electricity support programs at ontario.ca/yourelectricitybill.
In addition, under the OEB’s winter disconnection ban electricity distributors cannot disconnect residential customers for non-payment from November 15, 2022, to April 30, 2023.
