Changes to Ontario Electricity Prices & Rebate
On April 22nd, 2021, the Ontario Energy Board (OEB) announced new, lower electricity prices for households and small businesses, effective May 1st, 2021, under the Regulated Price Plan (RPP). Ontario Electricity Customers Switching will be switching to summer pricing.
What’s Changing?
- Ontario Electricity pricing under the Regulated Price Plan (RPP)
- Ontario Electricity Rebate (OER)
RPP Changes from Winter to Summer Time-of-Use (TOU) and Tiered pricing:
The Ontario Energy Board has announced new electricity prices for households and small businesses, effective May 1st. This change is to reflect summer pricing. RPP electricity rates are decreasing for the summer. Typically, the OER is adjusted in unison with RPP changes. The OER will also be decreasing effective May 1st.
For full details on rates and new prices, please see OEB’s News Announcement. The rates will also be updated and displayed on our Rates page when the new rates come into effect on May 1st, 2021.
Ontario Electricity Rebate:
The 8% Provincial Rebate was changed to the Ontario Electricity Rebate (OER), November 1st, 2019. When it was the 8% Provincial rebate, customers received a reduction on their bill that was built into the price of the electricity. With the OER removing the built-in reduction and 8% rebate, customers are being billed for the true cost of electricity on their bills and the full value of the Ontario Electricity Rebate (OER). On January 1st, 2021, the OER changed from 33.2% to 21.2%. Effective May 1, this will again change to 18.9%.
The OER is a total pre-tax credit that appears at the bottom of Ontario electricity bills. To view where the OER will be displayed on your Priority Bills, please refer to #14 of our interactive tool.
Who is Eligible?
All ratepayers who were eligible for the previous 8% rebate will be eligible to receive the Ontario Electricity Rebate (OER).
Under the OER, larger multi-unit complexes that are not primarily residential are not eligible. This includes, but is not limited to: multi-unit complexes that have fewer than 50% residential units, hotels, motels, resorts, lodges, cottages, cabins, inns, trailer parks, tourist homes, bed and breakfast vacation establishments or vacation homes, hospitals, universities, colleges, and other entities that provide post-secondary education.
For questions about eligibility and requirements, please contact your electricity distribution company or contact the Ontario Energy Board by visiting www.oeb.ca or calling 1-877-632-2727 (toll-free within Ontario).