TORONTO, Oct. 22, 2019 /CNW/ - The Ontario Energy
Board (OEB) announced today new electricity prices for households
and small businesses, effective November
1, under the Regulated Price Plan (RPP). The winter
time-of-use (TOU) hours will also take effect November 1.
The total bill for a typical residential customer who uses 700
kWh per month will increase by about $1.99 or 1.8%, which is in line with the rate of
inflation, as a result of the following changes:
- With changes in legislation, prices on the Electricity line are
increasing so that they once again closely reflect the forecast
cost of supply. As well, the increase in prices reflects the fact
that the forecast cost of supply has gone up relative to what it
was on May 1, 2019 due in part to
refurbishment of nuclear facilities and new generation facilities
coming online.
- The Ontario government has
introduced an expanded rebate (the Ontario Electricity Rebate)
providing bill relief that will be applied to customer bills,
largely offsetting the price changes on the Electricity line.
The new TOU prices set by the OEB for November 1, 2019 under the RPP are shown in the
table below. The table also shows the hours to which those prices
apply:
TOU price
periods
|
May 1, 2019
TOU prices
including old bill
relief
|
November 1,
2019
TOU prices
excluding new bill
relief
|
Off-Peak (Weekdays 7
p.m. – 7 a.m., all
day weekends and holidays)
|
6.5 ¢/kWh
|
10.1 ¢/kWh
|
Mid-Peak (Weekdays 11
a.m. – 5 p.m.)
|
9.4 ¢/kWh
|
14.4 ¢/kWh
|
On-Peak (Weekdays 7
a.m. – 11 a.m.
and 5 p.m. – 7 p.m.)
|
13.4 ¢/kWh
|
20.8 ¢/kWh
|
The table below shows the new prices for the small number of
customers paying tiered prices:
Tiered RPP prices
(winter tier
thresholds)
|
May 1, 2019
tiered
prices including
old bill relief
|
November 1, 2019
tiered
prices excluding new bill
relief
|
Tier
1
|
Residential – first
1,000
kWh/month
Non-residential – first 750
kWh/month
|
7.7 ¢/kWh
|
11.9 ¢/kWh
|
Tier
2
|
Residential – for
electricity
used above 1,000 kWh/month
Non-residential –
for
electricity used above 750
kWh/month
|
8.9 ¢/kWh
|
13.9 ¢/kWh
|
The total bill impact for individual customers across the
province may vary depending on the customer's electricity usage and
the utility that serves them.
Additional Information and Resources
- Backgrounder
- November bill graphic
- Bill insert (pdf)
- RPP Reports
About the Ontario Energy Board
The OEB is the independent regulator of Ontario's electricity and natural gas sectors.
It protects consumers and makes decisions that serve the public
interest. Its goal is to promote a sustainable and efficient energy
sector that provides consumers with reliable energy services at a
reasonable cost.
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SOURCE Ontario Energy Board