November 1, 2022 – Electricity Prices and Ontario Electricity Rebate

Oct 31, 2022

The Ontario Energy Board has set the prices for Time-of-Use, the Tiered price plan, as well as the kilowatt-hour thresholds.  These reduced rates will be in effect for November 1, 2022.

For customers billed under Time of Use, the Off-peak rate drops 0.8 cents per kilowatt hour.  Mid-peak has also decreased by 1.1 cents per kilowatt hour and the On-peak rate is down 1.9 cents per kilowatt hour.

The Off-peak time remains unchanged – 7 PM to 7 AM, all day on weekends and holidays.  Mid-peak changes to 11 AM to 5 PM and On-peak changes to 7 AM to 11 AM and 5 PM to 7 PM.

For customers billed under the Tiered price plan, pricing drops just over a one cent per kilowatt hour for both tiers.

The Ontario government’s Ontario Electricity Rebate (OER) will also change on November 1st.  The Rebate will be adjusted to 11.7 per cent, an increase from the 8 per cent applied previously.  This means monthly bill savings of approximately $14 for a typical residential customer using 700 kWh of electricity per month.

Winter Time-of-Use prices – Effective November 1, 2022

• Off-Peak (Weekdays 7 pm – 7 am, weekends and holidays) – 7.4 cents/kWh
• Mid-Peak (Weekdays 11 am – 5 pm) – 10.2 cents/kWh
• On-Peak (Weekdays 7 am – 11 am and 5 pm – 7 pm) – 15.1 cents/kWh

Winter Tiered price plan – Effective November 1, 2022

The seasonal change in the threshold for residential customers provides for an additional 400 kWh/month at the lower price in the winter.

Winter Tier Thresholds/Prices

Tier 1 – 8.7 cents/kWh:

• Residential (first 1,000 kWh/month)
• Non-residential (first 750 kWh/month)

Tier 2 – 10.3 cents/kWh:

• Residential (electricity used above 1,000 kWh/month)
• Non-residential (electricity used above 750 kWh/month)

Residential and small business customers can choose their price plan – either TOU (Time-of-Use) or Tiered prices. The OEB has an online bill calculator to help customers who are considering a switch in price plans. For more information oeb.ca/choice

Find out about low-income bill payment support programs at oeb.ca/billhelp

Learn more about the Ontario government’s electricity support programs at ontario.ca/yourelectricitybill

In addition, under the OEB’s winter disconnection ban electricity distributors cannot disconnect residential customers for non-payment from November 15, 2022, to April 30, 2023.

If you have any questions about the pricing effective November 1, 2022, the price plans and/or support programs, please call our office and someone will gladly assist.