The Ontario Energy Board (OEB) has announced new prices for electricity. As part of the Regulated Price Plan (RPP), electricity prices are reviewed and adjusted by the OEB more frequently — every six months if necessary.
On May 1, 2010, RPP prices change to 6.5 cents per kWh for electricity use up to a certain threshold per month and 7.5 cents per kWh for consumption above that threshold. These prices will be in effect for six months until October 31, 2010 and are reflected on the Electricity line on your bill. Hydro One passes these charges to our customers with no mark up or profit.
For more information about RPP electricity prices, visit the OEB's website. For more information about Time-of-Use prices, visit our TOU section or the OEB's website.
Seasonal Price Threshold
As of May 1, 2010, the threshold for the amount of electricity residential customers can use at the lower price decreases to 600 kWh from 1,000 kWh per month for the summer season (May 1st to October 31st). The lower threshold recognizes that customers do not need to heat their homes during the summer season. In addition, the number of daylight hours increases in the summer, therefore less indoor lighting is required.
Summer Season (from May 1 to October 31)
The threshold is 600 kWh per month.
Winter Season (from November 1 to April 30)
The threshold is 1,000 kWh per month.
There are no changes for non-residential or business customers. The threshold remains at 750 kWh regardless of the season.
So using electricity wisely and employing conservation methods will help you manage your bills this summer. Residential, seasonal and most farm customers will see the summer price threshold of 600 kWh on their first bill issued on or after May 20, 2010.
