April 27, 2018
The Ontario Energy Board (OEB) has set new Regulated Price Plan (RPP) electricity prices on the basis of the rate of inflation as required by the Ontario Fair Hydro Plan Act, 2017.
The OEB has also reset the credit for customers that are eligible under the Ontario Fair Hydro Plan Act, 2017 but are not paying RPP prices. This credit reduces the Global Adjustment (GA) charges paid by these customers.
The new RPP prices and GA credit will apply to electricity from May 1, 2018 to April 30, 2019, as required by the Ontario Fair Hydro Plan Act, 2017. The prices and credit will not be adjusted in November 2018, although the RPP time-of use price periods and the tier threshold for households will change on November 1, 2018.
For more information regarding the new rates, please visit the OEB website