The Ontario Energy Board (OEB) announced that under the Regulated Price Plan (RPP) electricity prices for households and small businesses will be lowered effective November 1, 2022. Winter Time-of-Use (TOU) hours and the change in threshold for residential customers on Tiered pricing will take effect November 1 as usual.
Effective November 1, 2022, the Ontario’s government’s Ontario Electricity Rebate (OER) will change to 11.7%.
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 5 p.m. - 7:00 p.m.) | 15.1 ¢/kWh |
The Table below shows the new RPP prices for customers paying Tiered prices:
| 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 |