OEB Update
The OEB will be deferring setting new summer electricity rates for residential and small businesses under the RPP and will also be leaving TOU rates at the winter prices (and times).
“The ongoing COVID-19 pandemic has resulted in extraordinary uncertainty around various aspects of the supply cost and electricity demand estimates that underpin RPP prices. The OEB will monitor the impact of the COVID-19 emergency on supply costs and electricity demand, and may make pricing adjustments prior to November 1, 2020, if warranted.”
TOU: once the 45-day emergency measure of off-peak hours is completed, customers on TOU will revert back to paying the November 1, 2019 rates. The winter hours remain in effect as well.
Tiered RPP: come May 1, rates will remain at the November 1, 2019 winter tier threshold, which also provides residential customers with an additional 400kWh/month at the lower rate.
Details can be found at: https://www.oeb.ca/newsroom/2020/ontario-energy-board-defer-setting-summer-electricity-prices-households-and-small