Ontario Helping Families and Small Businesses Keep Electricity Costs Down

Increased Ontario Electricity Rebate and Ontario Electricity Support Program will help families and businesses save money

The Ontario government is keeping electricity costs down for families and small businesses by increasing the on-bill Ontario Electricity Rebate (OER) from 11.7 per cent to 19.3 per cent, reducing a typical household’s electricity bill by a total of 26 dollars a month – or $312 a year. Further, Ontario is supporting thousands of additional low-income families with an additional $50 million investment in the Ontario Electricity Support Program (OESP).

Every October, the government adjusts the OER to protect electricity customers from the normal year-to-year variability in electricity costs. Increasing the OER from 11.7 per cent to 19.3 per cent will ensure electricity bills remain affordable and predictable.

The updated OER percentage will take effect November 1, 2023. The Ontario Energy Board (OEB) which administers the OESP will introduce the increased income thresholds for that program on March 1, 2024.