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
| When | How much electricity you use | Rate (¢ per kWh) |
|---|---|---|
| Starting May 1, 2021 | Up to 600 kWh/month | 9.8 |
| More than 600 kWh/month | 11.5 |
Non-Residential Tiered Rates
| When | How much electricity you use | Rate (¢ per kWh) |
|---|---|---|
| All Seasons | Up to 750 kWh/month | 9.8 |
| More than 750 kWh/month | 11.5 |
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)