The majority of Oakville Hydro’s residential and small business customers are billed based on time-of-use rates. If you have signed a contract with an electricity retailer you will pay contract rates. For those customers on time-of-use rates, there are three price periods:
At Oakville Hydro, we purchase the electricity we deliver to customers at market prices and earns no margin on the sale of the commodity. Oakville Hydro’s charges account for approximately 19% of the total bill for a typical residential customer.
The other charges on your bill are collected by Oakville Hydro 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.
Ontario is lowering electricity bills by 25 per cent on average for all residential customers as part of a significant system restructuring that will address long-standing policy challenges and ensure greater fairness.
The Global Adjustment credit applies to other eligible customers has been set by the OEB at $32.90/MWh (or about 3.3¢/kWh).
Oakville Hydro has transitioned to monthly billing for all residential and small business customers. In early 2015, the Ontario Energy Board announced that all electrical utilities in the province would be moving to monthly billing by the end of 2016.
Monthly billing will be effective in helping households and small businesses manage their electricity costs and understand consumption habits.
You will receive 12 bills a year, each covering approximately one month’s energy consumption. You will need to make 12 monthly payments.
Do you have questions about electricity rates? Find answers to frequently asked questions.
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