Residential Electricity Rates
Tiered Pricing is broken down into set amounts of electricity that may be used at a specific rate;
once this set amount is exceeded, the rate changes to a more expensive tier.
Tiered pricing is generally updated annually on May 1 and November 1.
As of November 1, 2022, these are the current tiered prices
|Winter Tier Thresholds||
November 1, 2022
November 1, 2021
|For first 1,000 kWh/month||8.7 ¢/kWh||9.8 ¢/kWh|
|For electricity used above 1,000 kWh/month||10.3 ¢/kWh||11.5 ¢/kWh|
If you’re a residential or small business customer that pays Time-of-Use (TOU) electricity prices, you can choose to switch to Tiered prices.
If you want to continue paying TOU prices, no action is required. If you would like to learn more about your pricing options, visit www.oeb.ca/choice.
To switch from TOU to Tiered prices, you can notify us by completing an election form or by contacting us.
You may wish to continue paying TOU prices for your electricity. In that case, no action is required.
About TOU Pricing
With TOU prices, the price depends on when you use electricity. You can help manage your electricity costs by shifting your usage to lower price periods when possible.
There are three TOU periods:
- Off-peak: When demand for electricity is lowest. Ontario households use most of their electricity – nearly two thirds of it – during off-peak hours.
- Mid-peak: When demand for electricity is moderate. These periods are during the daytime, but not the busiest times of day.
- On-peak: When demand for electricity is generally higher. These are the busier times of day - generally when people are cooking, starting up their computers and running heaters or air conditioners.
People use electricity differently depending on the season, so the TOU price periods are different in the winter than they are in the summer.
About Tiered Pricing
With Tiered prices, you can use a certain amount of electricity each month at a lower price. Once that limit (called a threshold) is exceeded, a higher price applies. For residential customers, the threshold normally changes with the season to reflect changing usage patterns – for example, there are fewer hours of daylight in the winter and some customers use electric heating.
In the winter period (November 1 – April 30), the Tier threshold for residential customers is 1,000 kWh so that households can use more power at the lower price. In the summer period (May 1 – October 31), the Tier threshold for residential customers is 600 kWh.
For small business customers, the Tier threshold is 750 kWh all year round.
Tiered prices give you the flexibility to use electricity at any time of day at the same price, although that price will change if you exceed the threshold during the month.
Residential Electricity Rates, Effective January 1, 2023 - Breakdown of Charges
|Breakdown of Charges - Rates Effective January 1, 2023||Newmarket-Tay||Midland|
|Electricity price (TOU or Tiered)||On-Peak Rate||per kWh||$ 0.15100||$ 0.15100|
|Mid-Peak Rate||per kWh||$ 0.10200||$ 0.10200|
|Off-Peak Rate||per kWh||$ 0.07400||$ 0.07400|
|First Tier||per kWh||$ 0.08700||$ 0.08700|
|Second Tier||per kWh||$ 0.10300||$ 0.10300|
|Delivery||Fixed Monthly Charge||per month||$ 29.95000||$ 33.12000|
|IESO Smart Metering Entity Charge||per month||$ 0.43000||$ 0.43000|
|Low Voltage Service Rate||per month||N/A||$ 0.00200|
|Distribution Volumetric Rate Riders****||per kWh||-$ 1.37950||$ 0.00250|
|Network Charge*||per kWh||$ 0.00105||
|Connection Charge*||per kWh||$ 0.00820||$ 0.00620|
|Adjustment Factor Charge***||per kWh||1.02790||1.05760|
|Regulatory||Wholesale Market Service Charge*||per kWh||$ 0.00410||$ 0.00410|
|Capacity Based Recovery||per kWh||$ 0.00040||$ 0.00040|
|Rural Rate Protection Charge*||per kWh||$ 0.00070||$ 0.00070|
|Government||Administration Charge**||per month||$ 0.25000||$ 0.25000|
|HST||per bill||$ 0.13000||$ 0.13000|
|Ontario Electricity Rebate||per bill||-$ 0.11700||-$ 0.11700|
|*In calculating your bill, your consumption amount will be adjusted to account for heat loss. When electricity is delivered over a power line, it is normal for a small amount of power to be consumed or lost as heat. Equipment such as wires and transformers consume power before it gets to your home or business. The adjustment factor accounts for these losses.|
|** Monthly Administration charge applies to non-retailer affiliated customers only.|
|***Adjustment Factor Charge is kWh x 0.0315 x Electricity Rate. For Example: 200kWh x 0.0315 Adjustment Factor x Electricity Rate = 6.3 kWh x $0.128/kWh = $0.806.|
|****NTRZ Volumetric Rate Riders include the following: Rate Rider for Disposition of Deferral/Variance Accounts $0.0004; Rate Rider for Disposition of Lost Revenue Adjustment Mechanism Variance Account $0.0001; Rate Rider for Recovery of Incremental Capital $0.92; Rate Rider for Disposition of Account 1576 $(2.25); Rate Rider for Application of Tax Change $(0.05).|
|***NTRZ Volumetric Rate Riders would include the Rate Rider for Disposition of Global Adjustment of $(0.0038)/kWh for those customers who do not pay Regulated Price Plan prices.|
|***MRZ Volumetric Rate Riders would include the Rate Rider for Disposition of Global Adjustment of $(0.0016)/kWh for those customers who do not pay Regulated Price Plan prices.|
|****MRZ Volumetric Rate Riders include the following: Rate Rider for Disposition of Deferral/Variance Accounts $0.0023; Rate Rider for Disposition of Lost Revenue Adjustment Mechanism Variance Account $0.0002; Rate Rider for Disposition of Capacity Based Recovery Account $(0.0010).|