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New Time-of-Use Rates and Tiered Pricing in Effect November 1, 2022

The Ontario Energy Board (OEB) has released the Winter Time-of-Use rates and periods and new Tiered pricing and thresholds for residential and small business customers. The new lower rates go into effect on November 1.

In addition to lower rates, the Ontario Electricity Rebate (OER) will decrease to 11.7 percent. 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.

 

What are the new Time-of-Use rates?

Rate

Period

Price

Off-Peak

Weekdays
(7 p.m. – 7 a.m.)
Weekends and Holidays (all day)

7.4
¢/kWh

Mid-Peak

Weekdays (11
a.m. – 5 p.m.)

10.2 ¢/kWh

On-Peak

Weekdays
(7 a.m. – 11 a.m. and 5 p.m. – 7 p.m.)

15.1
¢/kWh

 

What are the new Tiered rates?

Residential Customers

Threshold

Price

The first 1,000 kWh/month

8.7 ¢/kWh

Electricity used above 1,000 kWh/month

10.3 ¢/kWh

 

Small Business Customers

Threshold

Price

The first 750 kWh/month

8.7 ¢/kWh

Electricity used above 750 kWh/month

10.3 ¢/kWh