Ontario Energy Board announces changes to electricity prices for households and small businesses under the Regulated Price Plan (RPP)

Date

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

 

Visit OEB website