Ontario Energy Board announces changes to electricity prices for households and small businesses

TORONTO, Oct. 21, 2022 /CNW/ - The Ontario Energy Board (OEB) announced today that electricity prices for households and small businesses will be lowered as of November 1, 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 1 as usual.

Also effective November 1, 2022, 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:

Table 1- Winter TOU Price Periods

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 5 p.m. – 7 p.m.	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:

Table 2- Winter Tier Thresholds

	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

Power is Personal

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.

Programs to Support Electricity Customers

• 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.

Additional Information and Resources

• Backgrounder
• 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 the interests of consumers and supports the collective advancement of the people of Ontario. Its goal is to deliver public value through prudent regulation and independent adjudicative decision-making which contributes to Ontario's economic, social and environmental development.

Contact Us

For more information, please visit the OEB website at oeb.ca or contact us directly.

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1} 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.

SOURCE Ontario Energy Board

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