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Regulated Price Plan (RPP)

At the request of the Minister of Energy in 2004, the Ontario Energy Board developed an electricity price plan that provides stable and predictable electricity pricing, encourages conservation and ensures the price consumers pay for electricity better reflects the price paid to generators. The plan has been in place since 2005.

Effective November 1, 2016,  time of use prices for eligible consumers are 8.7 cents per kWh for off-peak, 13.2 cents per kWh for mid-peak and 18.0 cents per kWh for on-peak. These charges are reflected on the “Electricity” line on consumers’ bills.

As part of the Regulated Price Plan, the Board also sets tiered prices for customers not on time of use prices. As of November 1, 2016, eligible consumers will pay 10.3 cents per kilowatt hour (kWh) up to a certain threshold each month, and 12.1 cents per kWh for electricity used per month over this amount.

The price threshold – the amount of electricity that is charged at the lower price – changes twice a year for residential consumers. The price threshold will be 600 kWh per month in the summer (May 1st to October 31st) and 1,000 kWh per month in the winter (November 1st to April 30th).

Prices are reviewed and may change every six months based on an updated Board forecast and any accumulated differences between the amount that consumers paid for electricity and the amount paid to generators in the previous period.

 


Quick Links

 


General Updates

Date  

Issue / Document

   

Oct 19-16

The OEB has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new time-of-use and tiered RPP prices that will be effective November 1, 2016 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the OEB in establishing the new RPP prices.

Apr 14-16

The OEB has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new time-of-use and tiered RPP prices that will be effective May 1, 2016 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the OEB in establishing the new RPP prices.

Feb 16-16

The OEB has issued a new edition of the Regulated Price Plan Manual. Revisions reflect renewed objectives in the OEB’s Regulated Price Plan Roadmap issued in November of 2015. This version also incorporates changes to the steps taken when a significant unexpected variance accumulates. Other changes have been made to acknowledge developments in Ontario’s electricity sector since 2013, when the manual was last updated.

Nov 16-15

The OEB has released its Regulated Price Plan Roadmap, setting out a multi-year plan that ensures the Regulated Price Plan is able to meet the challenges of the future.

Report of the Board:

Background Reports:

Oct 15-15

The OEB has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new time-of-use and tiered RPP prices that will be effective November 1, 2015 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the OEB in establishing the new RPP prices.

Apr 20-15

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new time-of-use and tiered RPP prices that will be effective May 1, 2015 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the Board in establishing the new RPP prices.

Oct 16-14

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new time-of-use and tiered RPP prices that will be effective November 1, 2014 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the Board in establishing the new RPP prices.

Apr 16-14

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new time-of-use and tiered RPP prices that will be effective May 1, 2014 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the Board in establishing the new RPP prices.

Dec 23-13

Today the Board posted on its website a report prepared by Navigant Consulting Inc., “Time-of-Use Rates in Ontario – Part 1: Impact Analysis." The report estimates the response of the residential and small commercial and industrial customers under the Regulated Price Plan that were transitioned from tiered rates to Time-of-Use (TOU) rates.

Part 2 of the TOU analysis will examine several different TOU structures and pricing regimes and estimate the impacts on consumer electricity demand and system-wide impacts of these regimes. Part 2 of the analysis is expected to be published in the first quarter of 2014.

Nov 5-13

The Board has approved revisions to the RPP Manual to come into effect on January 1, 2014. These revisions change the way that the Final Variance Settlement Amount (“FVSA”) is calculated for consumers that leave the regulated price plan (“RPP”), and apply to consumers that depart the RPP on and after January 1, 2014. The FVSA for a consumer that leaves the RPP before January 1, 2014 is to be calculated in accordance with the August 22, 2011 version of the Manual.

Oct 17-13

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective November 1, 2013 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the Board in establishing the new RPP prices.

Apr 5-13

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective May 1, 2013 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the Board in establishing the new RPP prices.

Oct 17-12

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective November 1, 2012 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the Board in establishing the new RPP prices.

Apr 19-12

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective May 1, 2012 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the Board in establishing the new RPP prices.

Oct 17-11

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective November 1, 2011 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the Board in establishing the new RPP prices.

Aug 23-11

The Board has issued a revised Regulated Price Plan Manual (“RPP Manual”) that now reflects changes in law that have occurred since the RPP Manual was last revised in July 2009.

The revisions to the RPP Manual relate principally to the following changes in law that were in effect when the Board set RPP prices for the May 1 to October 31, 2011 period:

  1. Changes to the global adjustment mechanism resulting from amendments to Ontario Regulation 429/04 (Adjustments under Section 25.33 of the Act) that came into effect on January 1, 2011.  These are (i) the manner in which the global adjustment is allocated to different classes of consumers; and (ii) the inclusion in the global adjustment of amounts approved by the Board for Board-approved conservation and demand management programs undertaken by electricity distributors.
     
  2. The change in the time at which the off-peak period starts on weekdays (7 p.m. throughout the year) effective May 1, 2011, in accordance with amendments to Ontario Regulation 95/05 (Classes of Consumers and Determination of Rates). 

A number of minor revisions have also been made to update the RPP Manual to reflect changes in terminology and the like.

Apr 19-11

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective May 1, 2011 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the Board in establishing the new RPP prices.

Oct 18-10

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective November 1, 2010 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the Board in establishing the new RPP prices.

Apr 15-10

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective May 1, 2010 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used as an input by the Board in establishing the new RPP prices.

Oct 15-09

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective November 1, 2009 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used an input by the Board in establishing the new RPP prices.

Jul 22-09

The Board has issued a revised Regulated Price Plan Manual that incorporates changes announced by the Board in its letter of May 13, 2009, as well as references to econometric modeling in relation to the setting of time-of-use prices. The revisions also include changes designed to more generally update the Manual to:  (a) reflect changes in law, evolution in the marketplace and other relevant developments that have occurred since this Manual was originally issued in March 2005; and (b) reflect the fact that the processes and methodologies described in this Manual have now been in use by the Board for a number of years.  These latter changes affect, among other things, the information basis upon which the Board sets Regulated Price Plan prices, but do not otherwise affect in a substantive way the manner in which the Board sets those prices.

Apr 15-09

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective May 1, 2009 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used an input by the Board in establishing the new RPP prices.

Apr 2-09

Ontario Regulation 115/09, filed on March 27, 2009, amends Ontario Regulation 95/05 (Classes of Consumers and Determination of Rates) by: 

i. extending eligibility for the RPP for all low volume and designated consumers until November 1, 2009; and

ii. enabling those consumers that will cease to be eligible for the RPP on November 1, 2009 to opt out of the RPP in the interim period regardless of whether or not they have an interval meter.

Oct 15-08

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective November 1, 2008 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used an input by the Board in establishing the new RPP prices.

Apr 11-08

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective May 1, 2008 and explains how they were established. Also below is an Ontario Wholesale Electricity Market Price Forecast which was used an input by the Board in establishing the new RPP prices.

Mar 3-08

Letter from the Minister regarding changes to RPP eligibility.

Oct 26-07

The Board has amended the RPP Manual to recognize the new statutory holiday called "Family Day" within the context of RPP time-of-use electricity prices for eligible smart meters.

Oct 12-07

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective November 1, 2007 and explains how they were established. Also below is an Ontario Wholesale Electricity Market Price Forecast which was used an input by the Board in establishing the new RPP prices.

Sep 17-07

The Board posted Notice that an amendment for the Standard Supply Service Code regarding customer notice for implementing RPP TOU pricing is in force.

Jun 27-07

The Board posted Notice of amendments to the Standard Supply Service Code to provide utilities with the ability to implement time-of-use (TOU) pricing on either a mandatory or voluntary basis during the transition period.

The Board is also posting Notice of one new proposed amendment to the Standard Supply Service Code related to TOU pricing. Comments will be due July 11, 2007.

May 14-07

The Board released a Notice of Proposed Amendments which included proposed changes to the Standard Supply Service Code to provide utilities with the ability to implement time-of-use (TOU) pricing on either a mandatory or voluntary basis during the transition period.

Comments are due by June 1, 2007.

Apr 12-07

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter") RPP prices that will be effective May 1, 2007 and explains how they were established.

Also below is an Ontario Wholesale Electricity Market Price Forecast which was used an input by the Board in establishing the new RPP prices.

Oct 11-06

The Board has issued an updated RPP Price Report for the Regulated Price Plan. The RPP Price Report contains the new tiered and time-of-use (or "smart meter) RPP prices that will be effective November 1, 2006 and explains how they were established. Also below is an Ontario Wholesale Electricity Market Price Forecast which was used an input by the Board in establishing the new RPP prices.

Aug 14-06

On July 28, 2006, the Board amended the Standard Supply Service Code to allow electricity distributors to implement new pilot projects relating to time-of-use commodity prices. The Board's accompanying July 28th Notice only referenced one written submission. In fact, the Board received eight written submissions in relation to the July 12, 2006 proposed amendments. The Board has therefore issued a further letter which addresses the issues raised in all of the submissions. The amendments to the SSS Code that were made by the Board, and came into effect on, July 28, 2006 remain unchanged.

Submissions received in response to the proposed amendments to the Standard Supply Service Code issued on July 12, 2006.

Jul 31-06

The Board has issued an amendment to the SSS Code that would allow electricity distributors to implement new pilot projects relating to time-of-use prices.

The Board has received one comment on the proposed amendments to the Standard Supply Service Code that would allow electricity distributors to implement new pilot projects relating to time-of-use prices that was included in the Notice issued on July 12, 2006.

Jul 12-06

The Board has issued for public comment proposed amendments to the Standard Supply Service Code that would allow electricity distributors to implement new pilot projects relating to time-of-use prices.

Jun 9-06

The Board has issued an amendment to the SSS Code relating to the application of the final RPP variance settlement amount and consumers that move while on a contract with retailer .

Apr 21-06

The Board has received comments on the proposed amendment to the Standard Supply Service Code related to the Regulated Price Plan (RPP) that was included in the Notice issued on March 24, 2006.

Apr 12-06

For the Board's Regulated Price Plan, the Board has issued an updated RPP Price Report, and Ontario Wholesale Electricity Market Price Forecast. The RPP Price Report contains the RPP prices that will be effective May 1, 2006.

Mar 24-06

The Board has issued amendments to the Standard Supply Service Code which include extending the period of voluntary time-of-use (TOU) pricing beyond May 1, 2006. The Board has also issued for public comment proposed amendments to the Standard Supply Service Code associated with the application of the final RPP variance settlement amount.

Mar 14-06

The Board has received comments on proposed amendments to the Standard Supply Service Code related to the Regulated Price Plan (RPP).

Feb 17-06

The Board issued for public comment proposed amendments to the Standard Supply Service Code which include extending the period of voluntary time-of-use (TOU) pricing beyond May 1, 2006.

Dec 7-05

The OEB released a report on the Regulated Price Plan (RPP) entitled Monthly Variance Explanation (Apr 05 - Oct 05). This report will be updated each month and analyzes the factors that have contributed to the difference between the forecast electricity prices that RPP consumers currently pay and the actual cost to supply those consumers.

Nov 2-05

The Board has issued a Notice announcing that May 1, 2006 will be the date on which the new prices for the Regulated Price Plan will go into effect.

Sep 15-05

The Board has updated the “final RPP variance settlement factor” for consumers who leave the Regulated Price Plan.

Aug 22-05

The Board has revised the RPP Manual to clarify the days that are to be treated as holidays for purposes of time-of-use (smart meter) RPP pricing.

July 22-05

In response to public and media inquiries resulting from the unusually high summer temperatures, the Board would like to remind consumers how the price plan works.

Jun 24-05

The Board has established a new Web page outlining the RPP settlement amount and “final RPP variance settlement factor” for consumers who leave the price plan as of July 1, 2005. Visit the RPP Variance Settlement Amount page.

Jun 16-05

The Board has issued amendments to the Standard Supply Service Code that clarify how the final RPP variance settlement amount will be presented on the electricity bills of consumers.

Jun 7-05

The Board has received comments on proposed amendments to the Standard Supply Service Code which address how the final RPP variance settlement amount should be presented on the electricity bills of consumers.

May 18-05

The Board issued for public comment proposed amendments to the Standard Supply Service Code which address how the final RPP variance settlement amount should be presented on the electricity bills of consumers.

 


Variance Explanation Reports

Each quarter, the Board releases a Variance Explanation report on the Regulated Price Plan. This report analyzes the factors that have contributed to the difference between the forecast electricity prices that RPP consumers currently pay and the actual cost to supply those consumers. The appendix includes monthly values for the various factors dating back to the introduction of the RPP.

 

 

 

 

 

Page last updated 2016-10-19

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