Important Notice: On December 22, 2020, the provincial government announced that to support Ontarians during the province-wide lockdown resulting from the rapidly evolving COVID-19 situation, a temporary fixed rate of 8.5¢/kWh for all time-of-use and tiered customers will be in effect from January 1 to January 28, 2021.
Once the fixed 8.5 ¢/kWh price expires, customers will start to pay the RPP prices that were set by the Ontario Energy Board on December 15, 2020 (see below).
For more information, please refer to the Ontario Energy Board electricity rates page at oeb.ca/rates-and-your-bill
Residential and small business customers who are billed under the tiered pricing structure pay a set rate for the electricity they consume up to an allowable kilowatt-hour (kWh) threshold per month. Customers that exceed the monthly threshold are billed at a higher rate per kWh for all additional electricity consumed.
The tiers are different for home and business consumers. The Ontario Energy Board (OEB) determines the new tiered rates every six months at the same time as it sets the time-of-use (TOU) rates.
TOU and tiered rates are based on a forecast of the expected cost of supply and are adjusted every May 1 (summer season) and November 1 (winter season).
Effective January 1, 2021, residential consumers under the tiered pricing rate structure are charged:
10.1¢ per kWh for consumption up to 1,000 kWh/month
11.8¢ per kWh for consumption above 1,000 kWh/month
Effective January 1, 2021, small business consumers are charged:
10.1¢ per kWh for consumption up to 750 kWh/month
11.8¢ per kWh for consumption above 750 kWh/month
For more information about either TOU rates or tiered pricing, please refer to the Ontario Energy Board’s electricity rates page.