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OEB Sets New Summer Electricity Prices for Households and Small Businesses

 
April 20, 2015 - The OEB announced the new time-of-use (TOU) electricity prices for households and small businesses starting May 1, 2015. The average household using 800 kWh per month will see an increase of approximately $5.71 per month (about 4.6% on the total bill).  The OEB sites increased costs from Ontario Power Generation’s nuclear and hydro-electric power plants coupled with costs for new generation as drivers for the increase.

The increase represents a 2:1 ratio between on- and off-peak prices that will benefit customers who shift their usage to off-peak time periods.

For more information please see the attached media release from the OEB by clicking on the following link:  http://www.ontarioenergyboard.ca/oeb/_Documents/Press%20Releases/NR_RPP_20150420.pdf