The Ontario Energy Board sets electricity prices effective May 1 and November 1 of each year estimating costs of generation, growth in demand, changes in energy mix and continued investment in revitalizing the provinces energy generation and transmission infrastructure.
Ontario has seen a lot of new and refurbished generation come online through 2012 and into 2013. This includes large new generation like a refurbished generator at Bruce Power while more renewable generators are added to the grid through the Feed-in-Tariff. While this new supply has come online, Ontario's languishing economy prevents demand from growing which is leading to an oversupply of electricity and negative pricing events.
To see how Ontario’s grid is performing, to learn about the generators that keep your lights on and understand the environmental impact of our electricity production, download Gridwatch by EnergyMobile Studios for your iOs device.
As of November 1, 2012 new Ontario Time-of-Use rates are as follows:
- Peak - New: 12.4¢/kWh - Old: 11.8¢/kWh (+0.1)
- Mid-Peak - New: 10.4¢/kWh - Old: 9.9¢/kWh (-0.1)
- Off-Peak - New: 6.7¢/kWh - Old: 6.3¢/kWh (-0.2)
Current rates can always be found on the Pareto Energy homepage, the May 1/13 rates are shown here: