Toronto Hydro Historical Rates

The winter time of use tou hours and the winter tier threshold for residential customers which were maintained for the summer 2020 period will remain in effect on november 1. Fewer than 1 in 10 customers in ontario buy their electricity from an electricity retailer. July 1 2017 fair hydro plan pricing under the ontario fair hydro plan act 2017 electricity prices were lowered for consumers effective july 1 2017 and were then increased at the rate of inflation on may 1 2018 and may 1 2019a portion of the forecast fair hydro plan price reduction was also reflected in the electricity prices set for may 1 2017.
toronto hydro historical rates

The decrease reflects changes in distribution rates as approved by the oeb as part of toronto hydros 2020 2024 rates application.

Toronto hydro historical rates. This includes a decrease of 232 in 2020 the first year of the plan. The remainder of the bill covers charges for commodity transmission and regulatory costs. Funding the plan requires increases to monthly distribution rates. Learn more about our application.

You purchase electricity from toronto hydro and dont have a contract with an electricity retailer. Year over year increase. As a result a typical residential customer consuming 750 kilowatt hours kwh will experience an average decrease of 560 on their total monthly bill including hst and the oer. The decrease applies to the toronto hydro portion of your bill which makes up approximately one third of the total bill.

Learn more about the rate changes. Tou rates and price periods typically change twice a year may 1 and november 1. Understanding toronto hydros rate application. And tiered electricity rates using historical consumption data from the same period last year and the most current rates.

Types of electricity rates. The decrease reflects changes in distribution rates approved by the oeb as part of toronto hydros 2020 2024 rates application. 2021 distribution rate application on august 24 2020 toronto hydro filed its annual electricity distribution rate application for 2021. Effective november 1 2020 eligible customers on the rpp now have the option to choose between tou and tiered pricing plans.

October 13 2020 the oeb announced new electricity prices for households and small businesses effective november 1 under the regulated price plan. If youre thinking about signing an energy contract you will pay the price in the contract which is not regulated by the ontario energy board. Electricity prices in energy contracts. For a residential customer who uses 750 kwh per month distribution rates would increase by an average of 077 17 per month annually from 2020 to 2024.

This reflects changes in distribution rates approved by the oeb as part of toronto hydros 2020 2024 rates application.