Thunder Bay, ON – April 29, 2012 --- Thunder Bay Hydro customers will see several changes in their electricity rates effective May 1, 2012. The most important information for consumers is that Time-of-Use (TOU) periods do a flip for the summer months. This means that the ON peak period migrates to the ‘afternoon’ time of 11:00 am to 5:00 pm and ‘mealtimes’ (7:00 am to 11:00 am and 5:00 pm to 7:00 pm) now become MID peak periods.
On the “Distribution” line of bills, rates are scheduled to drop by 27.3 % for residential customers and 20.1% for small business customers. This is due to a drop in charges that are passed on to provincial entities and a Smart Meter charge which is being removed temporarily. The Smart Meter
charge will be resumed once the Ontario Energy Board provides a decision on the final approved amount. This decision is expected to diminish the decrease to about 10%.
For the commodity of electricity, the Ontario Energy Board (OEB) has increased Time-of-Use prices.
- 6.5 ¢ for OFF peak (previously 6.2 ¢)
- 10.0 ¢ for MID peak (previously 9.2 ¢)
- 11.7 ¢ for ON peak (previously 10.8 ¢)
The new prices do not apply to consumers who have fixed-rate contracts with energy retailers.
They’ll continue to pay their contract rate, plus the “global adjustment” charge. The global
adjustment is already rolled into the regulated rates.
According to the OEB, the price change for consumers on TOU pricing is an increase of
approximately $3.99 on the “Electricity” line, or about 3.3% on the total monthly bill, for a residential
consumer with a typical consumption pattern who uses 800 kWh per month. Each consumer will see
changes based on when they choose to shift their high consumption times.