The OEB has announced that it is decreasing electricity prices for households and small businesses for the second time in 2017. Starting July 1, all time-of-use periods will be reduced. This means that the bill for a typical residential customer who uses 750 kWh per month will be about $121. These new prices are about 25% lower than they would have been without the mitigations under the Fair Hydro Act, 2017.
The image below outlines the new prices effective July 1, 2017. Summer hours will remain in effect until October 31, 2017.
Starting July 1st, off-peak pricing will decrease to 6.5 cents per kilowatt-hour (kWh) and will remain daily from 7:00 p.m. to 7:00 a.m. and all day Saturdays, Sundays, and statutory holidays. Mid-peak pricing will decrease to 9.5 cents per kWh and run from 7:00 a.m. to 11:00 a.m. and again 5:00 p.m. to 7:00 p.m. Monday through Friday. On-peak pricing will decrease to 13.2 cents per kWh and run from 11:00 a.m. to 5:00 p.m. Monday through Friday.
For more information on the rate change, please call us at 1-877-850-3128, or visit the OEB’s website.