On Nov. 1, the Ontario Energy Board will end its fixed electricity rate for all hours of the day as part of the province’s response to the COVID-19 pandemic.
Since June 1, residential and small business customers on time of use pricing have been paying a fixed electricity price of 12.8 cents/kWh for all hours of the day. This fixed price ends on Oct. 31, and new winter time of use and tiered prices will apply.
Effective Nov. 1, the time of use price during off-peak hours (weekdays from 7 p.m. to 7 a.m., all day weekends and holidays) is 10.5 cents per kilowatt hour.
The price during mid-peak hours (weekdays from 11 a.m. to 5 p.m.) is 15 cents/kWh.
The price for on-peak hours (weekdays from 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m.) is 21.7 cents/kWh.
For customers with tiered pricing, effective Nov. 1, residential customers will pay 12.6 cents/kWh for the first 1,000 kWh/month, then 14.6 cents/kWh for electricity used above 1,000 kWh/month.
Non-residential customers will pay 12.6 cents/kWh for the first 750 kWh/month, and 14.6 cents/kWh for electricity used above 750 kWh/month.
The total bill for a typical residential customer who uses 700 kWh per month will increase by about $2.24 or 1.97 per cent, after accounting for the bill relief provided by the Ontario Electricity Rebate (OER), a total (pre-tax) bill credit that appears at the bottom of electricity bills. The Ontario government has increased that rebate from 31.8 per cent to 33.2 per cent, effective Nov. 1, 2020.
