Regulated Price Plan FAQs
1. What is the Regulated Price Plan?
The Regulated Price Plan (both tiered and time-of-use) is designed to ensure that the price you pay for electricity better reflects the costs paid to electricity generators.
2. How are prices set?
The Regulated Price Plan is a forecast of a blend of the regulated prices for Ontario Power Generation’s (OPG) nuclear and baseload hydro facilities (needed 24/7 all year), existing contract prices for supply from non-utility generators and the Board’s forecast of electricity prices in the open electricity market over the next 12 months.
Any change to RPP prices affects only the “Electricity” line on your bill. It does not affect the “Delivery” line – that is the line containing each utility’s distribution rates, reflecting their costs of delivering electricity to homes and businesses. It includes the costs to build and maintain power lines, towers and poles and to operate the systems locally.
3. Why does the OEB adjust electricity prices every six months?
We review and may readjust prices every six months to ensure what you pay for electricity accurately reflects the cost paid to generators.
The Regulated Price Plan smoothes these prices for you, so that you pay the true cost of electricity over time, but are not subject to day-to-day market volatility.
Page last updated 2011-04-19
