Electricity Prices
- Electricity Prices at a Glance
- OEB's Role in Electricity Prices
- Regulated Price Plan (RPP) - Tiered Prices
- Regulated Price Plan - Time-of-use (TOU) Prices for Smart Meters
Electricity Prices at a Glance
|
Regulated Price Plan (RPP) - Tiered Prices |
||
|---|---|---|
| Prices effective May 1, 2012 (per kWh) |
||
| Lower-tier Price: | 7.5 ¢ | |
| Higher-tier Price: | 8.8 ¢ | |
| Current Tier Threshold: | Residential summer threshold: 600 kWh per month | |
|
Regulated Price Plan (RPP) - Time-of-use (TOU) Prices |
||
| Off-peak Price: | 6.5 ¢ | |
| Mid-peak Price: | 10.0 ¢ | |
| On-peak Price: | 11.7 ¢ | |
| Current TOU Price Period: | ||
OEB's Role in Electricity Prices
In electricity, the OEB sets rates for:
- the distribution and transmission of electricity; and
- the commodity price of electricity for consumers on the Regulated Price Plan - tiered prices or time-of-use prices
The OEB does not regulate prices charged for competitive services such as:
- contracts offered by electricity retailers
Regulated Price Plan (RPP) - Tiered Prices
Consumers who purchase electricity from their local utility are charged the following rates for electricity consumption. These rates are set by the Ontario Energy Board as part of the Regulated Price Plan. If you purchase electricity from an electricity retailer, the prices you pay will be different and will be stated in the contract you signed.
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 1st to October 31st) and 1,000 kilowatt hours per month during the winter (November 1st to April 30th). 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.
The threshold for non-residential RPP consumers remains at 750 kilowatt hours per month for all seasons.
|
Season |
Your electricity use |
The regulated price you pay |
Applies to. |
|---|---|---|---|
| Prices effective May 1, 2012 | |||
| Summer (May 1 - Oct 31) | Up to 600 kWh | 7.5 ¢ | Residential consumers |
| More than 600 kWh | 8.8 ¢ | ||
| Winter (Nov 1 - April 30) | Up to 1,000 kWh | 7.5 ¢ | |
| More than 1,000 kWh | 8.8 ¢ | ||
| All seasons | Up to 750 kWh | 7.5 ¢ | Non-residential consumers |
| More than 750 kWh | 8.8 ¢ | ||
REGULATED PRICE PLAN TIERED PRICES: HISTORICAL SNAPSHOT
The following chart provides a brief description of electricity commodity prices since 2002. The chart also shows the changes to the residential threshold between summer and winter seasons.
| Set By | Effective Date | Lower Tier Price (per kWh) |
Residential Threshold for Lower Tier Price (per month) |
Higher Tier Price (per kWh) |
|---|---|---|---|---|
|
Ontario Energy Board
|
May 1, 2012 | 7.5¢ | 600 kWh | 8.8¢ |
| Nov 1, 2011 | 7.1¢ | 1,000 kWh | 8.3¢ | |
| May 1, 2011 | 6.8¢ | 600 kWh | 7.9¢ | |
| Nov 1, 2010 | 6.4¢ | 1,000 kWh | 7.4¢ | |
| May 1, 2010 | 6.5¢ | 600 kWh | 7.5¢ | |
| Nov 1, 2009 | 5.8¢ | 1,000 kWh | 6.7¢ | |
| May 1, 2009 | 5.7¢ | 600 kWh | 6.6¢ | |
| Nov 1, 2008 | 5.6¢ | 1,000 kWh | 6.5¢ | |
| May 1, 2008 | 5.0¢ | 600 kWh | 5.9¢ | |
| Nov 1, 2007 | 5.0¢ | 1,000 kWh | 5.9¢ | |
| May 1, 2007 | 5.3¢ | 600 kWh | 6.2¢ | |
| Nov 1, 2006 | 5.5¢ | 1,000 kWh | 6.4¢ | |
| May 1, 2006 | 5.8¢ | 600 kWh | 6.7¢ | |
| Nov 1, 2005 | 5.0¢ | 1,000 kWh | 5.8¢ | |
| Apr 1, 2005 | 5.0¢ | 750 kWh | 5.8¢ | |
|
Government Regulation |
Apr 1, 2004 | 4.7¢ | 750 kWh | 5.5¢ |
| Dec 9, 2002 | 4.3 ¢ per kWh/mo. | |||
Click here to view a historical snapshot of tiered electricity prices
Regulated Price Plan (RPP) Time-of-use (TOU) Prices
Below is a chart outlining the three TOU periods and the price for each. (Prices effective May 1, 2012. Prices subject to change every 6 months).
For more information on how time-of-use pricing works, visit the Smart Meters & Time-of-use section of our website.
(when demand for electricity is lowest)
6.5 ¢/kWh
(when demand for electricity is moderate)
10.0 ¢/kWh
(when demand for electricity is highest)
11.7 ¢/kWh
View a print version of the time-of-use price chart 
:
- prices and periods effective May 1, 2012
* Weekends and holidays are off-peak during both the Winter and Summer periods.
- View the 2012 Holiday Schedule
The TOU prices above are for the "Electricity line" only. In other words, they do not affect any other lines on your electricity bill including the Delivery, Regulatory and Debt retirement charges.
The cost of smart meter deployment will be recovered through the "Delivery line" paid by all customers within specific classes (e.g. residential, small business).
TIME-OF-USE PRICES: HISTORICAL SNAPSHOT
Click here to view a historical snapshot of time-of-use electricity prices
Page last updated 2012-04-30
