As a part of our mandate, we set the charges that your software fees for the electrical energy you employ in your house or small trade. Those charges seem at the Electrical energy line of your invoice. We additionally set the Supply charges that quilt the associated fee to ship electrical energy to maximum residential and small trade shoppers.
In this web page:
- Varieties of electrical energy charges
- Present costs
- Power contracts
- World adjustment
- Calculate your electrical energy invoice
Varieties of electrical energy charges
For residential and small trade shoppers that purchase electrical energy from their software, there are two several types of charges (often known as costs right here). The Ontario Power Board units each every year on November 1:
With TOU costs, the fee is dependent upon while you use electrical energy.
There are 3 TOU worth classes:
- Off-peak, when call for for electrical energy is lowest. Ontario families use maximum in their electrical energy – just about two thirds of it – right through off-peak hours.
- Mid-peak, when call for for electrical energy is average. Those classes are right through the daylight, however no longer the busiest occasions of day.
- On-peak, when call for for electrical energy is usually upper. Those are the busier occasions of day – usually when persons are cooking, beginning up their computer systems and operating warmers or air conditioners.
With TOU pricing, you’ll assist set up your electrical energy prices through moving your utilization to lower cost classes when imaginable.
Other folks use electrical energy in a different way relying at the season, so the TOU worth classes are other in the summertime than they’re within the iciness. Regardless of which season, on weekends and vacations the most affordable charges are in impact all day. View the Time-of-Use vacation agenda.
With Tiered costs, you’ll use a specific amount of electrical energy every month at a lower cost. As soon as that restrict (known as a threshold) is exceeded, a better worth applies. The edge adjustments with the season to mirror converting utilization patterns – as an example, there are fewer hours of sunlight within the iciness and a few shoppers use electrical heating.
Within the iciness length (November 1 – April 30), the Tier threshold for residential shoppers is 1,000 kWh, in order that right through the heating season families can use extra energy on the lower cost. In the summertime length (Would possibly 1 – October 31), the Tier threshold for residential shoppers is 600 kWh. The Tier threshold for small trade shoppers is 750 kWh all 12 months spherical.
Tiered costs provide the flexibility to make use of electrical energy at any time of day on the similar worth, even though that worth will trade in the event you exceed the edge right through the month.
In the event you pay TOU costs, you’ll now make a choice to change to Tiered costs. Learn extra about opting for your electrical energy worth plan.
For purchasers that experience signed up for a contract with an power store, the fee is ready out within the contract. The Ontario Power Board does no longer keep watch over this. Learn extra about contracts.
The Time-of-Use and Tiered costs set through the OEB for November 1, 2021 are proven within the desk under. View historic electrical energy costs.
Time-of-Use Value Classes – WINTER Time-of-Use Costs Off-Height (Weekdays 7 p.m. – 7 a.m., all day weekends and vacations) 8.2 ¢/kWh Mid-Height (Weekdays 11 a.m. – 5 p.m.) 11.3 ¢/kWh On-Height (Weekdays 7 a.m. – 11 a.m. and 5 p.m. – 7 p.m.) 17.0 ¢/kWh Tier Thresholds – WINTER Tiered Costs Tier 1 Residential – first 1,000 kWh/month Non-residential – first 750 kWh/month 9.8 ¢/kWh Tier 2 Residential – for electrical energy used above 1,000 kWh/month Non-residential – for electrical energy used above 750 kWh/month 11.5 ¢/kWh
Electrical energy costs in power contracts
Fewer than 1 in 10 shoppers in Ontario purchase their electrical energy from an electrical energy store. In the event you’re fascinated about signing an power contract, you’re going to pay the fee within the contract, which isn’t regulated through the Ontario Power Board. Be told extra about power contracts.
The World Adjustment
Maximum electrical energy producing corporations get a assured worth for the electrical energy that they produce. The World Adjustment is the adaptation between that assured worth and the cash the turbines earn within the wholesale market. The World Adjustment additionally covers the prices of a few conservation techniques.
All electrical energy customers need to pay a proportion of the World Adjustment. The Time-of-Use and Tiered costs charged through your electrical energy software already come with an estimate of the World Adjustment. In the event you join a freelance with an power store, it’s a must to pay your proportion of the World Adjustment on best of the contract worth. The World Adjustment may even seem as a separate line to your invoice.
Discuss with the Impartial Electrical energy Machine Operator (IESO) website online for more info at the World Adjustment.
Calculate your electrical energy invoice
Electrical energy distribution utilities ship electrical energy to your house or trade and likewise factor your invoice, until you’re a buyer of a unit sub-metering supplier. Use our calculator to estimate your per thirty days invoice. You’ll be able to additionally examine your present invoice with what to anticipate in the event you signal a freelance with an electrical energy store.
Use our invoice calculator now