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New electricity prices for households, small businesses


October 30, 2014
By Canadian Pizza

Oct. 30, 2014, Toronto – The Ontario Energy Board's new, slightly higher prices will apply to most households and small
businesses starting Nov. 1.

Oct. 30, 2014, Toronto – The Ontario Energy Board's new, slightly higher prices will apply to most households and small
businesses starting Nov. 1.

When the prices change, the hours for mid-peak and on-peak prices also
change to the winter time-of-use hours. The lowest-priced, off-peak
period remains from 7 p.m. to 7 a.m. on weekdays and all day weekends and holidays, said a new release from the board.

This chart outlines time-of-use prices and the times they are effective as of Nov. 1:  

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Category

Time(s) – Winter

(Nov 1-Apr 30)

Price

Change

Off-peak

Weekdays 7 p.m.-7 a.m.

All day weekends and holidays

7.7 ¢/kWh

(0.2 cents)

Mid-peak

Weekdays 11 a.m.-5 p.m.

 

11.4 ¢/kWh

(0.2 cents)

On-Peak

Weekdays 7 a.m.-11 a.m.
and 5 p.m.-7 p.m.

14.0 ¢/kWh

(0.5 cents)

  

The price for consumers is increasing by approximately $2.03
per month on the "Electricity" line, and about 1.7 per cent on the total bill,
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. 

The Ontario Energy Board reviews electricity prices twice each year
based on updated cost estimates. This is intended to help smooth changes
in prices over time.