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.
By Anthony Capkun
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:
Weekdays 7 pm to 7 am. All-day weekends and holidays
$0.077/kWh – Increase of $0.002
Weekdays 11 am to 5 pm
$0.114/kWh – Increase of $0.002
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”.
DOWNLOAD the image shown above as a PDF (below).