Residential Electricity Rates
Tiered Pricing is broken down into set amounts of electricity that may be used at a specific rate;
once this set amount is exceeded, the rate changes to a more expensive tier.
Tiered pricing is generally updated annually on May 1 and November 1.
As of May 1, 2023, these are the current tiered prices:
Summer Tier Thresholds
May 1, 2023 - October 1, 2023
May 1, 2023
|For first 600 kWh/month||8.7 ¢/kWh||
|For electricity used above 600 kWh/month||10.3 ¢/kWh|
If you’re a residential or small business customer that pays Time-of-Use (TOU) electricity prices, you can choose to switch to Tiered prices.
If you want to continue paying TOU prices, no action is required. If you would like to learn more about your pricing options, visit www.oeb.ca/choice.
To switch from TOU to Tiered prices, you can notify us by completing an election form or by contacting us.
You may wish to continue paying TOU prices for your electricity. In that case, no action is required.
About TOU Pricing
With TOU prices, the price depends on when you use electricity. You can help manage your electricity costs by shifting your usage to lower price periods when possible.
There are three TOU periods:
- Off-peak: When demand for electricity is lowest. Ontario households use most of their electricity – nearly two thirds of it – during off-peak hours.
- Mid-peak: When demand for electricity is moderate. These periods are during the daytime, but not the busiest times of day.
- On-peak: When demand for electricity is generally higher. These are the busier times of day - generally when people are cooking, starting up their computers and running heaters or air conditioners.
People use electricity differently depending on the season, so the TOU price periods are different in the winter than they are in the summer.
About Tiered Pricing
With Tiered prices, you can use a certain amount of electricity each month at a lower price. Once that limit (called a threshold) is exceeded, a higher price applies. For residential customers, the threshold normally changes with the season to reflect changing usage patterns – for example, there are fewer hours of daylight in the winter and some customers use electric heating.
In the winter period (November 1 – April 30), the Tier threshold for residential customers is 1,000 kWh so that households can use more power at the lower price. In the summer period (May 1 – October 31), the Tier threshold for residential customers is 600 kWh.
For small business customers, the Tier threshold is 750 kWh all year round.
Tiered prices give you the flexibility to use electricity at any time of day at the same price, although that price will change if you exceed the threshold during the month.
Residential Electricity Rates, Effective May 1, 2023 - Octiober 31, 2023 - Breakdown of Charges
|Breakdown of Charges - Rates Effective May 1, 2023 - October 31, 2023||Newmarket-Tay||Midland|
|Time-of-use (TOU) Rates||On-Peak||per kWh||$0.1510||$0.1510|
|Tiered Rates||Tier 1||per kWh||$0.0870||$0.0870|
|Tier 2||per kWh||$0.1030||$0.1030|
|Delivery Charges||Service Charge||per month||$31.0100||$34.3000|
|Smart Metering Entity Charge - effective until December 31, 2027||per month||$0.4200||$0.4200|
|Low Voltage Service Rate||per kWh||N/A||$0.0020|
|Rate Rider for Application of Tax Change (2023) - effective until April 30, 2024||per month||-$0.0600||N/A|
|Rate Rider for Disposition of Capacity Based Recovery Account (2023) - effective until April 30, 2024 - Applicable only for Class B Customers||per kWh||-$0.0002||-$0.0001|
|Rate Rider for Disposition of Deferral/Variance Accounts (2023) - effective until April 30, 2024||per kWh||$0.0021||$0.0058|
|Rate Rider for Disposition of Global Adjustment Account (2023) - effective until April 30, 2024 - Applicable only for Non-RPP Customers||per kWh||N/A||-$0.0033|
|Rate Rider for Recovery of Incremental Capital - effective until the effective date of the next cost of service-based rate order||per month||$0.9200||N/A|
|Retail Transmission Rate - Line and Transformation Connection Service Rate||per kWh||$0.0083||$0.0069|
|Retail Transmission Rate - Network Service Rate||per kWh||$0.0107||$0.0092|
|Regulatory Charges||Wholesale Market Service Rate||per kWh||$0.0041||$0.0041|
|Capacity Based Recovery (CBR) - Applicable for Class B Customers||per kWh||$0.0004||$0.0004|
|Rural or Remote Electricity Rate Protection Charge (RRRP)||per kWh||$0.0007||$0.0007|
|Standard Supply Service - Administrative Charge (if applicable)||per month||$0.2500||$0.2500|
|HST||HST on Electric||%||13.00%||13.00%|
|OER||Provincial Rebate (OER or OREC)||%||-11.70%||-11.70%|