Time-Of-Use PricesMay 17, 2021, 5:45 am
Time-Of-Use and Tiered Prices
Regulated Price Plan (RPP): Time-Of-Use (TOU) Prices and Tiered Prices
The Ontario Energy Board has announced new electricity prices for households and small businesses, effective May 1, 2021, under the Regulated Price Plan.
The summer Time-of-Use pricing (TOU) for the period starting May 1, 2021 are:
|Price Period||Time||May 1, 2021 TOU Prices|
|Off-Peak||Weekdays: 7 pm to 7 am
All day weekends
|Mid-Peak||Weekdays: 7 am to 11 am and 5 pm to 7 pm||11.3 ¢/kWh|
|On-Peak||Weekdays: 11 am to 5 pm||17.0 ¢/kWh|
Time-of-Use rates are based upon specific times of the day and the days of the week when traditionally demand for electricity is at its highest or lowest. When the demand and generation costs for electricity are at their highest, the TOU rates will reflect “On-Peak” prices; when demand and generation costs are low, TOU rates will be lower.
If you purchase your electricity from an electricity retailer, the prices you pay will be different and will be stated in the contract you signed.
The summer Tiered prices for the period starting May 1, 2021 are:
|Tier 1||Residential: first 600 kWh per month*
Non-Residential: first 750 kWh per month
|Tier 2||Residential – for electricity used above 600 kWh/month*
Non-residential – for electricity used above 750 kWh/month* Note Residential threshold decreased from 1,000 kWh (winter) to 600 kWh (summer)
The threshold that defines higher and lower electricity prices for residential Regulated Price Plan consumers is set at 600 kilowatt hours per month during the summer (May 1 to October 31) and 1,000 kilowatt hours per month during the winter (November 1 to April 30). This difference recognizes that consumers use more electricity for lighting and indoor activity in the winter and that some Ontarians are reliant on electricity for their heating source.
If you purchase electricity from an electricity retailer, the prices you pay will be different and will be stated in the contract you signed.