Ontario Energy Board Announces Changes to Electricity Prices for Households, Small Businesses and Farms
October 21, 2024
The Ontario Energy Board (OEB) announced today that electricity prices under the Regulated Price Plan (RPP) for households, small business and farms will change as of November 1, 2024. Winter Time-of-Use (TOU) hours and the change in threshold for residential customers on Tiered pricing will also take effect.
Also, effective November 1, 2024, the Ontario government’s Ontario Electricity Rebate (OER) will change to 13.1%. The OER provides a rebate on the electricity bill subtotal for residential, small business and farm customers. For a typical residential customer[1] who uses 700 kWh of electricity per month, the OER will decrease bills by about $17 each month.