Ontario Energy InitiativePublished on October 14, 2020
Minister Rickford announced the government’s suite of energy initiatives that will provide greater customer choice, stable rates, and financial support for residential customers, farmers, and small businesses.
Customers eligible for the Ontario Energy Rebate (OER) will automatically receive a 33.2% reduction off their energy bill when new electricity rates for Regulated Price Plan (RPP) customers come into effect November 1, 2020.
Also beginning November 1st, the government is providing customers with more choice as customers paying Time-of-Use (TOU) rates under the RPP will also have the option to switch to tiered rate pricing. Time-of-use electricity rates vary by time of day and are comprised of three different rate periods of off-peak, mid-peak, and on-peak pricing. Tiered electricity rates provide customers with a set rate for electricity up to a certain level of consumption.
We have also revised the eligibility requirements for the COVID-19 Energy Assistance Program (CEAP) and the COVID-19 Energy Assistance Program for Small Business (CEAP-SB). Local utilities are re-assessing previously rejected applications now and will start accepting new applications on October 16.
Minister Rickford also signaled that the new Energy Affordability Program (EAP) will be launching the week of January 4, 2021. The EAP is part of Ontario’s new 2021-2024 electricity Conservation Demand Management (CDM) Framework, which will also offer energy-efficiency programs for on-reserve First Nations consumers and Ontario business and industrial consumers to increase competitiveness and lower electricity costs through the IESO’s Save on Energy program.
The government continues to support Ontario’s electricity consumers, as we respond to COVID-19, by providing customer choice, stable rates, and financial support to the millions of Ontarians who are working and learning from home.
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