October 14, 2020, by Ainsley Smith
The Ontario Energy Board (OEB) announced new electricity prices for households and small businesses, which will become effective November 1, under the Regulated Price Plan (RPP).
This means Ontario residents will have pricier electric bills, as fixed pricing is coming to an end. At the beginning of November, customers will be able to choose between time-of-use and tiered pricing.
The energy board says the increase in pricing reflects â€œa combination of factors, including those associated with the COVID-19 pandemic, that have affected demand, supply costs, and prices in the summer and fall of 2020.â€
What does this mean?
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