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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.
The first 1,000 kWh/month
Electricity used above 1,000 kWh/month
The first 750 kWh/month
Electricity used above 750 kWh/month