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OEB Sets New Summer Electricity Prices for Households and Small Businesses

Toronto, ON – April 14, 2016 – Today, the Ontario Energy Board (OEB) announced new time- of-use (TOU) electricity prices for households and small businesses starting May 1. The price is increasing by approximately $3.13 per month on the “Electricity” line, and about 2.5% on the total bill, for a household that consumes 750 kWh per month.

Ontarians consumed less electricity than expected over the recent milder winter. As a result of lower usage, Regulated Price Plan (RPP) prices did not recover the full cost of serving RPP customers. One of the main reasons prices are increasing in May is to recover this shortfall.

New summer TOU hours will also take effect May 1. This chart outlines TOU prices and the times they are effective as of May 1, 2016:

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