Oshawa Power Announces New Electricity Rates, Increase in Ontario Energy Rebate

Oshawa Power Announces New Electricity Rates, Increase in Ontario Energy Rebate

Along with the shift to Winter Time-of-Use hours and Tier limits, Oshawa Power customers will see changes to the Electricity portion of their hydro bills starting this November. In line with the Ontario Energy Board’s directive, we are announcing the following changes to electricity rates, effective November 1, 2023.

Time-Of-Use (TOU) Pricing:

TOU Pricing Plan - Winter

New TOU Pricing Effective November 1, 2023.

Off-Peak ¢8.7/kWh (+¢1.3)
Mid-Peak ¢12.2/kWh (+¢2.0)
On-Peak ¢18.2/kWh (+¢2.9)

TOU Pricing usage periods will also shift to winter hours on November 1, aligning with seasonal energy consumption patterns.

Tiered Pricing:

Tiered Pricing Plan - Winter

New Tiered Pricing Effective November 1, 2023.

Tier 1 ¢10.3/kWh (+¢2.0)
Tier 2 ¢12.5/kWh (+¢2.2)

Residential Tiered Pricing customers will also see a shift to winter tier limits and be charged Tier 1 rates for their first 1,000 kWh of usage, followed by Tier 2 for additional consumption during their billing period. Non-residential Tiered Pricing customers will still have a Tier 1 limit of 750 kWh of consumption.

Ultra-Low Overnight (ULO) Pricing:

ULO Pricing Plan - Winter

New ULO Pricing Effective November 1, 2023.

Ultra-Low Overnight ¢2.8/kWh (+¢0.4)
Weekend Off-Peak ¢8.7/kWh (+¢1.3)
Mid-Peak ¢12.2/kWh (+¢2.0)
On-Peak ¢28.6/kWh (+¢4.6)

In addition to electricity rate changes, Oshawa Power customers will see the Ontario Electricity Rebate increase from 11.7% to 19.3%. This rebate is automatically applied to each customer’s bill and is intended to help make electricity bills more manageable.

These adjustments reflect various factors, including market conditions and provincial investments in building a sustainable, and reliable, energy future for Ontario. Customers can expect an impact on their bills; however, the exact effect will vary based on individual usage patterns.

We understand that these changes may pose challenges for some of our customers. Oshawa Power offers Financial Assistance programs designed to help those who may be struggling to manage their bills. More information about available programs can be found at www.oshawapower.ca/assistance.

Winter Energy Savings Tips:

As the temperature drops and winter approaches, here are a few high-impact tips that can help you improve efficiency and save on energy costs:

Prevent Drafts

Check for gaps around your windows and doors, and apply caulking or weather stripping to seal them. This simple step prevents warm air from escaping and cold air from entering.

Programmable Thermostat

Programmable thermostats allow you to customize your heating schedule to help you save on heating costs at night or when you are not home.

Let the Sunshine In

Sunlight is a free way to warm your home! During the day, open the blinds and let in the rays. Close your blinds at night to keep the warmth inside.

Insulate Your Home

Proper insulation in your attic and walls can significantly reduce heat loss.

Maintain Your Heating System

Regular maintenance ensures your heating system runs efficiently, reducing energy consumption. A simple seasonal filter replacement can maximize efficiency and keep the air clean in your home.

Unplug Electronics

Even when turned off, electronics can draw power. Unplug chargers and devices not in use to save energy.

Oshawa Power is committed to providing the information customers need to make informed decisions about their energy consumption and pricing plans. For more information on Customer Choice and pricing plans available to our customers, visit www.oshawapower.ca/customer-choice.

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