Oakville Hydro Electricity Distribution Inc.
The Ontario Energy Board (OEB) announced changes to electricity rates across the province.
As of May 1, 2013, Time-of-Use (TOU) prices are changing as follows:
| May 1, 2013 | Prior to May 1, 2013 | |
|---|---|---|
| On-peak (from 11 a.m. to 5 p.m. weekdays) | = 12.4 ¢/kWh (increase of 0.6 cents) | = 11.8¢/kWh |
| Mid-peak (from 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m. weekdays) | = 10.4 ¢/kWh (increase of 0.5 cents) | = 9.9¢/kWh |
| Off-peak (from 7 p.m. to 7 a.m. weekdays and all day on weekends and holidays) | = 6.7 ¢/kWh (increase of 0.4 cents) | = 6.3 ¢/kWh |
For customers who are not on TOU pricing, the rates are as follows:
| May 1, 2013 | Prior to May 1, 2013 | |
|---|---|---|
| Threshold | 600 kWh (was 1,000); for non-residential customers the threshold is 750 kWh throughout the year | 600 kWh (was 1,000); for non-residential customers the threshold is 750 kWh throughout the year |
| First Tier / block | = 7.8 ¢/kWh (increase of 0.4 cents) | = 7.4 ¢/kWh |
| All consumption above the first Tier / block | = 9.1 ¢/kWh (increase of 0.4 cents) | = 8.7 ¢/kWh |
Items that have an impact on the rate changes include increases and decreases to each of the following categories:
The combined changes determined by the OEB will cost the average residential customer who uses 800 kWh of electricity per month approximately $7.90 on their total monthly bill. Small business customers who use 2,000 kWh consumption can expect an impact of approximately $16.20 per month.
Oakville Hydro Electricity Distribution Inc. purchases the electricity we deliver to customers at market prices and earns no margin on the sale of the commodity. Distribution utilities, including Oakville Hydro Electricity Distribution Inc., recover costs through a portion of the delivery charge of electricity bills, accounting for approximately 21% of the total bill for a residential customer.
Oakville Hydro Electricity Distribution Inc. has direct control of 21% of the total charges on the bill and is committed to delivering safe and reliable power. The other charges are collected by Oakville Hydro Electricity Distribution Inc. on behalf of other electricity market participants including generators, transmitters, retailers and regulators.
Visit the OEB website for more information on rate changes and electricity pricing
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