Energy Manager

Features Utilities
Electricity prices in Ontario going up 1 November 2014

October 16, 2014 - The Ontario Energy Board today announced new electricity prices that will apply to most households and small businesses starting November 1, 2014.


October 17, 2014
By Anthony Capkun


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When the prices change, the hours for Mid-peak and On-peak prices also change to the Winter time-of-use (ToU) hours. The lowest-priced, Off-peak period remains from 7 pm to 7 am on weekdays, as well as all-day weekends and holidays.

The following outlines ToU prices and the times they are effective as of November 1, 2014:

Off-peak
Weekdays 7 pm to 7 am. All-day weekends and holidays
$0.077/kWh – Increase of $0.002

Mid-peak
Weekdays 11 am to 5 pm
$0.114/kWh – Increase of $0.002

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On-peak
Weekdays 7 am to 11 am and 5 pm to 7 pm
$0.14/kWh – Increase of $0.005

The price for consumers is increasing by about $2.03 per month on the “Electricity” line, and about 1.7% on the total bill, says OEB, for a household with a typical consumption pattern and using 800 kWh per month.

The forecast includes an estimate for increases in the cost of power from rate-regulated nuclear and hydroelectric power plants. OEB reviews electricity prices twice each year based on updated cost estimates to “help smooth changes in prices over time”.

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