The Ontario Government set new commodity prices for electricity, which came into effect November 1, 2024.
The first 1000 kilowatt hours (kWh) from November 1, 2024 to April 30, 2025 consumed in any month by residential, low-volume and designated consumers are priced at 9.3 cents per kWh for the electricity commodity. Consumption above these thresholds is priced at a higher rate of 11.0 cents per kWh. The Ontario Energy Board will review Regulated Price Plan prices and reset them every six months if necessary.
Pursuant to the Regulation filed under s.79.4 (1) (a) Ontario Energy Board Act, 1998, where the account of a low-volume consumer or designated consumer relates to:
- a property as defined in the Condominium Act, 1998,
- a residential complex as defined in the Tenant Protection Act, 1997, or
- a property that is owned or leased by a co-operative as defined in the Co-operative Corporation Act;
the conservation threshold for that consumer is determined based on the number of units within the property or complex. In order to determine the appropriate conservation threshold, consumers must provide a signed declaration attesting to the number of units to which an account relates.
If you qualify for a conservation threshold that is more than 1000 kWh/month (e.g. because there is more than one unit associated with your account), you must complete and submit this form as soon as possible. Your account will be eligible for this new pricing upon receipt of this completed Declaration Form. Any delay in processing as a result of missing or inaccurate information on the form will not result in adjustments.
If you have multiple accounts eligible for a higher conservation threshold because there is more than one unit associated with your account, list each account separately. Do not include units which are metered or billed separately from the account referenced.
You must advise us in writing if your account ceases to qualify for a higher conservation threshold or if there is a change in the number of units within the property or complex.