Ontario Posts New Regulated Price Plan Rates

The Ontario Energy Board has released Regulated Price Plan (RPP) electricity commodity prices for the period May 1, 2012 through October 31, 2012.

The new RPP rates for Time of Use (TOU) prices are as follows (all figures Canadian):

On-peak (from 11 a.m. to 5 p.m. weekdays): 11.7 ¢/kWh

Mid-peak (from 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m. weekdays): 10.0 ¢/kWh

Off-peak (from 7 p.m. to 7 a.m. weekdays and all day on weekends and holidays): 6.5 ¢/kWh

As of February 29, 2012, there were about 3.9 million (81%) residential and small business customers on TOU billing. The remaining customers are expected to be switched to TOU from tiered prices by mid 2012

For legacy customers not yet on TOU rates, the RPP tiered rates are as follows:

For consumption up to the tier threshold (Tier 1 prices): 7.5 ¢/kWh

For consumption above the tier threshold (Tier 2 prices): 8.8 ¢/kWh

On May 1, the threshold below which the lower Tier 1 price applies will change from 1,000 kWh to 600 kWh per month for residential consumers. For non-residential consumers, the threshold stays at 750 kWh throughout the year.