Toronto Hydro will be changing to winter pricing today and will be increasing its Regulated Price Plan (RPP) rates by 0.3 cents per kilowatt hour (kWh) for the first 1000 kWh of electricity consumed each month and 0.4 cents per kWh for any additional usage. .
Customers on Time-of-use (TOU) pricing will also see their rates hiked.
The new Ontario Energy Board rates are 7.1 cents per kWh for the first 1000 kWh of electricity consumed each month and 8.3 cents per kWh for any additional usage. The regulated price for the first 1,000 KWh has risen a whopping 22.4% in the last two years.
Time of use electricity pricing in Toronto has risen 41% in off peak times over the last two years from 4.4 cents/kWh to the current 6.2 cents / kWh. The increases in Mid-peak and On-peak are 15% and 15.3% respectively over the same period.
For customers in Toronto on time-of-use (TOU) pricing, the regulated OEB rates are changing to:
- Off-peak (lowest price) at 6.2 cents/kWh - M-F 7pm to 7am
- Mid-peak (mid price) at 9.2 cents/kWh - M-F 11am to 5pm
- On-peak (highest price) at 10.8 cents/kWh - M-F 7am to 11am and 5pm to 7pm
Electricity used on weekends and holidays is priced at the lowest, off-peak price all day.
In addition to the cents per kilowatt hour charges, all Toronto Hydro customers will be required to pay the following:
- Transmission Charge: 1.216 ¢/kWh
- Distribution Charge: 1.271 ¢/kWh
- Customer Charge: $18.93 per 30 days
- Contact Voltage Rate Rider: 16 cents per 30 days
- Late Payment Penalty Rate Rider: 24 cents per 30 days
- Wholesale Operations Charge1: 0.65 ¢/kWh
- Standard Supply Service - Admin Charge (if applicable): 0.25 ¢ per 30 days
- Debt Retirement Charge - 0.7¢/kWh
Discuss the new rates in Digital Home's Home Fix-up forum .