The Ontario Energy Board’s (OEB) new electricity rates for households and small businesses took effect May 1, under the Regulated Price Plan (RPP).

Along with the switch to summer Time-of-Use (TOU) hours and Tier threshold, the OEB has announced both a decrease in rates and to the Ontario Electricity Rebate (OER) portion of your bill, from 21.2% to 18.9%.

On a typical residential bill for a customer using 700 kWh per month, these changes will translate to a small monthly savings. For TOU Pricing Plans, typical savings are approximately $0.58, while for Tiered Pricing Plans these savings are approximately $0.04.

Customers are still able to opt between TOU and Tiered Pricing Plans. Customers can learn more about their choices and how to change between plans here.

About Time-of-Use (TOU) rates

Under Time-of-Use (TOU) pricing, customers are charged according to the day of the week and time of day that they use electricity. This gives customers the option to shift higher electricity-use activities — such as laundry or running the dishwasher — to off-peak periods, which are charged at a lower rate.

There are three different TOU price periods: on-peak, mid-peak and off-peak.

TOU rates and price periods typically change twice a year (May 1 and November 1). Both the rates and price periods are set by the Ontario Energy Board (OEB).

May 1, 2021 Time of Use Rates:

On Peak – 17.0 ¢/kWh
Mid Peak – 11.3 ¢/kWh
Off – Peak – 8.2 ¢/kWh

Summer pricing periods

To learn more about TOU rates, visit our Time of Use page.

About Tiered rates

Tiered pricing separates electricity consumption into two price tiers. Customers are charged one rate for electricity usage up to a certain amount of consumption (or threshold) per month, and a higher rate for electricity used above that amount.

The price threshold (the amount of electricity consumption that is charged at the lower price) is set by the Ontario Energy Board (OEB) and will typically change twice a year for residential customers.

Note: Updated Tiered rates as of May 1, 2021.