The Ontario Energy Board announced today that electricity prices under the Regulated Price Plan for households, small business and farms will change as of November 1, 2026. Winter Time-of-Use hours and the change in threshold for residential customers on Tiered pricing will also take effect. Sign In or Create an Account Email Address Continue or View more offers Also, effective November 1, 2026, the Ontario government’s Ontario Electricity Rebate will change to 15.7%. The OER provides a rebate on the electricity bill of residential, small business and farm customers. Electricity prices under the OEB’s RPP are decreasing year-over-year, which allows for a reduction in the OER. The overall rate of increase for customer bills will remain consistent with previous years. For a typical residential customer who uses 700 kWh of electricity per month, the OER will decrease bills by about $23.00 each month. Winter TOU Price Periods November 1, 2026 TOU Prices Off-Peak Weekdays 7 p.m. – 7 a.m., all day weekends and holidays 9.1¢/kWh Mid-Peak Weekdays 11 a.m. – 5 p.m. 14.6¢/kWh On-Peak Weekdays 7 a.m. – 11 a.m. and 5 p.m. – 7 p.m. 18.9¢/kWh Table 1 shows the TOU prices set by the OEB for November 1, 2026, and the hours to which those prices apply. Residential, small business and farm customers can choose their price plan, either TOU, Tiered or ULO prices. The OEB has an online bill calculator to help customers who are considering a switch in price plans.
Could this lower electricity bills for Ontario households? Yes, prices under the RPP are decreasing year-over-year, allowing the OER to drop to 15.7% and saving a typical residential user about $23 per month.