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Time-of-Use and Tiered Pricing Resumes February 23, 2021

Feb 22, 2021

Beginning February 23, 2021, residential and small business customers will resume paying Time-of-Use (TOU) and Tiered pricing under the Regulated Price Plan (RPP) at prices that were set by the Ontario Energy Board (OEB) on December 15, 2020.

Since January 1, 2021, RPP customers have been paying a fixed electricity price of 8.5 ¢/kWh regardless of the time of day or the total volume consumed. This fixed pricing was mandated by the Government of Ontario and expired at the end of the day on February 22, 2021.

The RPP TOU prices that apply starting February 23, 2021, are:

Winter TOU Price Periods Prices
Off-Peak 8.5¢/kWh
(Weekdays 7 p.m. – 7 a.m., all day weekends and holidays)
Mid-Peak 11.9¢/kWh
(Weekdays 11 a.m. – 5 p.m.)
On-Peak 17.6¢/kWh
(Weekdays 7 a.m. – 11 a.m. and 5 p.m. – 7 p.m.)

 

The RPP Tiered prices that apply starting February 23, 2021, are:

Winter Tier Thresholds Prices
Tier 1 Residential – first 1,000 kWh/month 10.1¢/kWh
Non-residential – first 750 kWh/month
Tier 2 Residential – for electricity used above 1,000 kWh/month 11.8¢/kWh
Non-residential – for electricity used above 750 kWh/month

For more information, visit the OEB’s website: OEB newsroom