November 1, 2024 Electricity Prices
On November 1, 2024, new Time-of-Use (TOU), Ultra-Low Overnight (ULO) and Tiered prices for residential and small business customers under the Ontario Energy Board’s (OEB) Regulated Price Plan (RPP) will change, winter Time-of-Use (TOU) hours and the change in threshold for residential customers on Tiered pricing will take effect, and the Ontario government’s Ontario Electricity Rebate (OER) will also change.
Residential, small business and farm customers can choose their price plan – TOU, ULO or Tiered. Customers who do not want to switch their price plan do not need to do anything. They will stay on their current price plan. If a customer wishes to switch, they must notify their utility by completing and submitting an election form. Customers can contact their utility or visit their utility’s website for an election form. The OEB has a webpage and bill calculator to help customers who may be considering a switch in their electricity price plan. For more information, see oeb.ca/choice.
For more information about RPP Pricing (TOU, ULO and Tiered), the Ontario Electricity Rebate, and Understanding Your Electricity Bill read the OEB’s Backgrounder.
For full details regarding the RPP price setting and the reasons for the changes, refer to the RPP Report.
The following charts indicate the TOU and ULO price periods effective November 1, 2024:
The OEB has a webpage and bill calculator to help customers who may be considering a switch in their electricity price plan. For more information, see oeb.ca/choice.
Contact Us
You can find all reports and documents related to RPP prices at oeb.ca or you can call (toll-free) 1-877-632-2727.
For More Information:
Media Inquiries
Phone: 416-544-5171
Email: oebmedia@oeb.ca
Consumer Inquiries
416-314-2455 / 1-877-632-2727
