Ontario Energy Board announces changes to electricity prices for small business
by CM staff
The winter Time-of-Use (TOU) hours and the change in the threshold for residential customers on Tiered pricing will take effect November 1 as usual.
TORONTO — The Ontario Energy Board (OEB) announced that electricity prices under the Regulated Price Plan (RPP) for households, small business and farms will increase as of November 1. The winter Time-of-Use (TOU) hours and the change in the threshold for residential customers on Tiered pricing will take effect November 1 as usual.
Also effective November 1, the Ontario government’s Ontario Electricity Rebate (OER) will increase to 19.3 per cent. The OER provides a rebate on the electricity bill of residential, small business and farm customers. For a typical residential customer who uses 700 kWh of electricity per month, the OER will decrease bills by about $26 each month.
