News Post

Ontario Energy Board Announces New Winter Electricity Prices

On November 1, 2022, Time-of-Use (TOU) and Tiered prices for residential and small business customers will decrease under the Ontario Energy Board’s (OEB) Regulated Price Plan (RPP). The winter Time-of-Use (TOU) hours and the change in the Tier threshold for residential customers on Tiered pricing will remain in place until April 30, 2023.

The following applies to the electricity line on your bill and reflects your electricity use:


Also effective November 1, 2022, the Ontario government’s Ontario Electricity Rebate (OER) will be changed to 11.7%. The OER is a pre-tax credit that appears at the bottom of electricity bills. For a typical residential customer who uses 700 kWh of electricity per month, the OER would decrease bills by about $13.91 each month.

Visit the OEB's website to learn more.

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