Time-of-use electricity prices change very little as of May 1

May 2018

In April, the OEB announced that time-of-use price periods will change for the summer (May 1 to October 31) but the only change in prices is a 0.1 cent/kWh decrease to mid-peak prices. 

Time-of-use electricity price periods to change as of November 1 but prices unchanged

October 2017

On October 26, the OEB issued a notice that time-of-use price periods will change for the winter period (November 1, 2017 to April 30, 2018) but that prices themselves will remain the same.

Results of September Cap and Trade Auction Announced

September 2017

The Ontario Government announced the results of its third auction of greenhouse gas emission allowances, which was held on September 6, 2017.

Lower Electricity Prices to Take Effect July 1

June 2017

On June 22, the OEB announced that electricity prices will go down on July 1, with the reductions a result of the Fair Hydro Plan. The reductions will affect different customers in different ways depending on how they buy their electricity - new Regulated Price Plan prices or a Global Adjustment credit - and will be in effect until April 30, 2018.  

IESO Issues Electricity System Outlook to December 2018

June 2017

In its latest outlook for Ontario's power system, the IESO indicates that about 1,550 MW of new supply (500 MW wind, 1,000 MW natural gas, 50 MW hydroelectric) is expected to be connected to the transmission grid over the July 2017 to December 2018 period.

Ontario Government Announces Results of June Cap and Trade Auction

June 2017

The provincial government announced the results of its second auction of greenhouse gas emission allowances. The auction was held on June 6, 2017.

OEB Issues Report on Long-Term Carbon Price Forecast

June 2017

The Ontario Energy Board has issued a report which provides a carbon price forecast for the period 2018-2028. In its September 2016 Regulatory Framework for the Assessment of Costs of Natural Gas Utilities' Cap and Trade Activities, the OEB indicated it would provide a 10-year forecast that would be updated annually. The OEB says the forecast is to be used to assess the reasonableness of longer-term greenhouse gas abatement activities.

Ontario Government Passes Fair Hydro Act

June 2017

On May 31, the provincial government passed the Fair Hydro Act, 2017 that serves to implement its Fair Hydro Plan.

Ontario Introduces Legislation to Implement Its Fair Hydro Plan

May 2017

The provincial government has introduced the Fair Hydro Act, 2017. If passed, the legislation would lower electricity bills for residential customers by 25% on average and would serve to implement other measures included in the government's Fair Hydro Plan announced earlier this year. 

New Summer Electricity Prices Take Effect May 1

April 2017

The OEB announced new electricity commodity prices for those customers who buy their electricity from their local utility. The new prices reflect certain rate mitigation measures resulting in lower prices. For time-of-use prices, off-peak decreases by 1.0 cents/kWh, mid-peak by 1.9 cents and on-peak by 2.3 cents. The lower prices reflect a portion of the bill reduction announced in the proposed Fair Hydro Plan.