The Ontario Energy Board has announced its Regulated Price Plan (RPP) Time of Use (TOU) rates, Tiered rates, and Ultra-Low Overnight (ULO) rates that will become effective on November 1st, 2023.
Also, effective November 1st the Ontario Electricity Rebate will be increased to 19.3%.
CONSUMERS ON RPP TOU PRICING
TOU prices beginning November 1st, 2023, will be:
| Winter TOU Price Periods | TOU Prices |
|---|---|
Off-Peak (Weekdays 7 p.m. – 7 a.m., all day weekends and holidays) | 8.7 ¢/kWh |
Mid-Peak (Weekdays 11 a.m. – 5 p.m.) | 12.2 ¢/kWh |
On-Peak (Weekdays 7 a.m. – 11 a.m. and 5 p.m. – 7 p.m.) | 18.2 ¢/kWh |
*Prices exclude the Ontario Electricity Rebate (OER) that provides eligible consumers a 19.3% rebate (effective November 1) from the province on the subtotal of their electricity bill.
CONSUMERS ON RPP TIERED PRICING
Tiered prices beginning November 1, 2023 will be:
| Winter Tier Thresholds | Tiered Prices | |
|---|---|---|
Tier 1 | Residential – first 1000 kWh/month
| 10.3 ¢/kWh |
| Tier 2 | Residential – for electricity used above 1000 kWh/month
Non-residential – for electricity used above 750 kWh/month | 12.5 ¢/kWh |
*Prices exclude the Ontario Electricity Rebate (OER) that provides eligible consumers a 19.3% rebate (effective November 1) from the province on the subtotal of their electricity bill.
CONSUMERS ON ULTRA-LOW OVERNIGHT PRICING
ULO prices beginning November 1st, 2023, will be:
| ULO Price Periods | All Year | ULO Prices (¢/kWh) |
|---|---|---|
| ULO Ultra-Low Overnight | Every day 11 p.m. - 7 a.m. | 2.8 ¢/kWh |
| ULO Weekend Off-Peak | Weekends and holidays 7 a.m. - 11 p.m. | 8.7 ¢/kWh |
| ULO Mid-Peak | Weekdays 7 a.m. - 4 p.m. and 9 p.m. to 11 p.m. | 12.2 ¢/kWh |
| ULO On-Peak | Weekdays 4 p.m. - 9 p.m. | 28.6 ¢/kWh |
*Prices exclude the Ontario Electricity Rebate (OER) that provides eligible consumers a 19.3% rebate (effective November 1) from the province on the subtotal of their electricity bill.