to see the Independent Electricity System Operator (IESO) website
for today's market rates.
At the request of the Minister of Energy, the Ontario Energy Board developed an electricity price plan that provides stable and predictable electricity pricing, encourages conservation and ensures the price consumers pay for electricity better reflects the price paid to generators
Effective May 1, 2014, eligible consumers pay 8.6 cents per kilowatt hour (kWh) up to and including 1000kWh each month (750kWh for small business), and 10.1 cents per kWh for electricity used per month over that amount. This amount is reflected on the “Electricity” line on consumers’ bills.
The price threshold – the amount of electricity that is charged at the lower price – changes twice a year for residential consumers. The price threshold will be 600 kWh per month in the summer (May 1st to October 31st) and 1,000 kWh per month in the winter (November 1st to April 30th). Prices are reviewed and may change every six months based on an updated Board forecast and any accumulated differences between the amount that consumers paid for electricity and the amount paid to generators in the previous period.
For further Consumer Information or for updated pricing information, please visit the following link.
On April 1, 2005, the Board’s Regulated Price Plan (the “RPP” or "price plan") came into effect. As of July 1, 2005, a consumer who leaves the RPP will either pay or receive a “final RPP variance settlement amount”. This amount will reflect the consumer’s share of any accumulated variance between the actual price paid to generators and the forecast price paid by price plan consumers. If consumers have been paying more for electricity than was paid to generators, this amount will be a credit. If consumers have been paying less, it will be a charge. The variance account that tracks the difference is held by the Ontario Power Authority (the “OPA”).
For further information please see the attached link.