Ontario Energy Board Sets New Electricity Rate Plan Prices and Support Program Thresholds
TORONTO -
Residential, small business and farm customers can choose their price plan, either Time-Of-Use (TOU), Tiered or Ultra-Low-Overnight (ULO) prices. The OEB has an online bill calculator to help customers who are considering a switch in price plans.
The Government of Ontario announced on Friday, October 19, 2023, that it is raising the income eligibility thresholds that enable Ontarians to qualify for the Ontario Electricity Support Program (OESP) by up to 35 percent. OESP is part of Ontario’s energy affordability framework meant to reduce the cost of electricity for low-income households by applying a monthly credit directly on to electricity bills.. The higher income eligibility thresholds will begin on March 1, 2024.
The amount of OESP bill credit is determined by the number of people living in a home and the household’s combined income. The current income thresholds cap income eligibility at $28,000 for one-person households and $52,000 for five-person households.
The new income eligibility thresholds, which will be in effect beginning March 1, 2024, will allow many more families to access the program.
In addition, under the OEB’s winter disconnection ban electricity distributors cannot disconnect residential customers for non-payment from November 15, 2023, to April 30, 2024.
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Lump sum credit on electricity bills as soon as July
ST JOHNS - Most people who pay electricity bills will get a one-time credit as early as July.
The provincial government on Thursday outlined a new directive to the Public Utilities Board to provide a one-time credit for customers whose electricity rates are affected by the price of oil.
Electricity customers who are not a part of the Labrador interconnected system, including those using diesel on the north coast of Labrador, will receive the credit.
The credit, announced at a press conference Thursday morning, will come from the rate stabilization fund, which has an estimated surplus of about $50 million because low oil…
