|Notice of Rate Change|
Electricity Price Change for Residential and Small Business Consumers
November 1st, 2011
The Ontario Energy Board released Regulated Price Plan (RPP) electricity commodity prices effective November 1, 2011.
RPP prices, reviewed semi-annually, are reflected on the "Electricity" line of residential and small business consumer bills for those who purchase their new power directly from their local utility.
Tiered Prices are changing as follows:
7.1 cents per kWh up to and including the first 1,000 kWh per month for residential customers. For non-residential RPP consumers, the threshold stays at 750 kWh throughout the year.
8.3 cents per kWh for consumption above the tier threshold.
RPP Prices are changing because the forecasted cost of supply is changing. The main factors are increased nuclear and renewable generation coming online during the forecast period. This includes the refurbished units at the Bruce Nuclear Generating Station along with more wind Generation.
RPP prices are based on a 12-month forecast and are designed to provide stable and predictable electricity pricing as well as to ensure that the price that residential and small business consumers pay recovers the payments made to generators that supply the electricity they consume.
If you purchase your electricity from a retailer, your electricity price is charged according to your contract. There is also an additional line item on your bill called Global Adjustment.