Current Electricity Prices

Starting on November 1, 2020, residential and small business customers now can choose between two price plans: Time-of-Use or Tiered. For more information on each plan, or to switch plans, visit Customer Choice.

The summer Time-of-Use (TOU) hours, and the summer Tier threshold for residential customers, will also come into effect May 1, 2021.

Typical residential customer bills to be held stable

The Government is also decreasing the Ontario Electricity Rebate (OER) from 21.2% to 18.9% effective May 1, 2021. The Government’s intention is that, for residential and small business customers, the reduction in the electricity price will be offset by the change in the OER. The OER is a total pre-tax credit that appears at the bottom of electricity bills. As a result of lower RPP prices and the reduced OER, typical residential customer bills will be held stable. The typical residential RPP customer uses 700 kWh of electricity per month.

New RPP prices starting May 1, 2021

The new RPP TOU prices set by the OEB for May 1, 2021 are shown in the table below. The table also shows the hours during which those prices apply:

Tiered Pricing

Residential Tiered Rates
WhenHow much electricity you useRate (¢ per kWh)
Starting May 1, 2021Up to 600 kWh/month 9.8
More than 600 kWh/month11.5
Non-Residential Tiered Rates
WhenHow much electricity you useRate (¢ per kWh)
All SeasonsUp to 750 kWh/month9.8
More than 750 kWh/month11.5

Time of Use (TOU) Prices

The TOU prices set by the Ontario Energy Board are shown in the table below. The table also shows the hours to which those prices apply:

OFF-PEAK
MID-PEAK
ON-PEAK
8.2 ¢/kWh 11.3 ¢/kWh 17.0 ¢/kWh
Summer

May 1 – October 31 (Weekdays)

Weekends

and Statutory Holidays

Winter

November 1 – April 30 (Weekdays)