This is the cost of the electricity supplied to you during a billing period and is the only part of your bill that is subject to competition.
As a residential customer, you have the option of buying your electricity through the Regulated Price Plan (RPP) at a regulated price per kilowatt hour (kWh) or from an electricity retailer. You are automatically part of the RPP unless you purchase your electricity from an electricity retailer.
The Ontario Energy Board (OEB) sets the RPP prices based on its forecast of the cost to supply households and small businesses over the next 12 months. In addition to providing stable and predictable electricity pricing, these prices are designed to recover the payments made to the electricity generators that produce power.
RPP prices are reviewed and adjusted twice a year, once in the summer (May 1) and once in the winter (November 1). If you leave the RPP by signing a retail contract or moving outside the province, you will either receive a credit or will need to pay a charge based on the difference.