Electricity Rates November 1, 2021

Posted November 1st, 2021

The Ontario Energy Board (OEB) announced that electricity prices for households and small businesses will not change as of November 1, 2021 under the Regulated Price Plan (RPP).

The winter Time-of-Use (TOU) hours and the change in the Tier threshold for residential customers on Tiered pricing will take effect November 1 as usual.

Effective November 1, 2021 the Ontario government’s Ontario Electricity Rebate (OER) will be changed to 17.0% from 18.9%. 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 $20.90 each month.

Time of Use prices per kilowatt hour:

Off Peak – 8.2¢

Mid Peak – 11.3¢

On Peak – 17.0¢

Tiered prices per kilowatt hour:

Residential

Tier 1 – First 1,000 kWh – 9.8¢

Tier 2 – Above 1,000 kWh – 11.5¢

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