Hydro Prices To Increase November 1st

Posted: 2020-10-14 09:33:57 By: thebay

Yesterday, the Ontario Energy Board (OEB) announced new electricity prices for households and small businesses, effective November 1.

The OEB says winter Time-of-Use (TOU) hours and the winter Tier threshold for residential customers, which were maintained for the summer 2020 period, will remain in effect on November 1.

The total bill for a typical residential customer who uses 700 kWh per month will increase by about $2.24 or 1.97%, after accounting for the bill relief provided by the Ontario Electricity Rebate.

The OEB last set the Regulated Price Plan rates in November 2019

The new TOU prices set by the OEB for November 1, 2020 are shown in the table below. The table also shows the hours to which those prices apply:

Winter TOU Price Periods

November 1, 2020

TOU Prices

(Weekdays 7 p.m. – 7 a.m., all day weekends and holidays)

10.5 ¢/kWh

(Weekdays 11 a.m. – 5 p.m.)

15.0 ¢/kWh

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

21.7 ¢/kWh