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ARTICLE · 24 NOVEMBER 2022

Ultra-Low Overnight Electricity Rate Supporting EVs To Become Available In 2023

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The Ontario Energy Board (OEB) will implement a new optional Ultra-Low Overnight Price Plan for Regulated Price Plan (RPP) customers, to be available for May 1, 2023.

CanadaEnergy and Natural Resources
David Stevens
David Stevens
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The Ontario Energy Board (OEB) will implement a new optional Ultra-Low Overnight Price Plan for Regulated Price Plan (RPP) customers, to be available for May 1, 2023. Electricity distributors can choose whether to make this available to their customers on May 1, 2023, or to wait until November 1, 2023.

As discussed in a prior post, the ultra-low overnight pricing is intended to support and incent electric vehicle (EV) adoption. In response to direction from the Ontario Minister of Energy, the OEB prepared a report titled Design of an Optional Enhanced Time-of-Use Price in March 2022, proposing the design of an Optional Enhanced Time-of-Use (OETOU) price for RPP customers to further incent demand-shifting away from peak periods to lower-demand periods. Relative to existing Time-of-Use (TOU) pricing, the OETOU sees lower prices overnight and higher prices in the peak evening hours.

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