The fixed rate price has expired in Ontario.
TORONTO – As of Tuesday, residential and small-business electricity customers in Ontario no longer pay a fixed price for electricity as time-of-use charges and different pricing are resumed.
Customers are recently paying 8.5 cents / kWh, regardless of the time of day or the total volume consumed.
The Ontario Energy Board says the fixed price demanded by the Ontario government expired on Monday.
THE TOU The rates and times to which they apply are as follows:
|
Winter TOU Price periods |
Prices |
|
Off peak |
8.5 ¢ / kWh |
|
Medium Peak |
11.9 ¢ / kWh |
|
At the peak |
17.6 ¢ / kWh |
The table below shows the rates for customers with different prices.
|
Winter level thresholds |
Prices |
|
|
Layer 1 |
Residential – first 1,000 kWh / month Non-residential – first 750 kWh / month |
10.1 ¢ / kWh |
|
Layer 2 |
Residential – for electricity used above 1,000 kWh / month Non-residential – for electricity used above 750 kWh / month |
11.8 ¢ / kWh |
Residential and small business customers paying TOU prices may choose to switch to differentiated prices, and those who do may return to TOU prices at any time.
Customers who wish to stay TOU prices do not need to do anything.
The Ontario Energy Board has a Web page and an account calculator to help consider who is considering a change in pricing plans.
More information is available at oeb.ca/choice.
