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OEB sets new summer electricity prices for households and small businesses

from Ontario Energy Board

Recently, the Ontario Energy Board (OEB) announced new time-of-use (TOU) electricity prices for households and small businesses starting May 1. The price is increasing by approximately $5.71 per month on the "Electricity" line, and about 4.6 per cent on the total bill, for a household that consumes 800 kWh per month. Increased costs from Ontario Power Generation's (OPG) nuclear and hydro-electric power plants make up about half of this increase. Costs from new generation sources are another driver, representing about one-third of the increase. more


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