Enabling the Implementation of an Ultra-Low Overnight Price Plan

The OEB has issued an update to its Accounting Guidance Related to Commodity Pass-Through Accounts 1588 & 1589 resulting from the implementation of the ultra-low overnight (ULO) regulated price plan option.

• Letter
• Accounting Procedures Handbook Update - Accounting Guidance
• Accounting Procedures Handbook Update - Accounting Guidance (tracked changes version)
• Updated Illustrative Commodity Model

The OEB has issued an update to its Accounting Guidance Related to Commodity Pass-Through Accounts 1588 & 1589 resulting from the implementation of the ultra-low overnight (ULO) regulated price plan option.

• Letter
• Accounting Procedures Handbook Update - Accounting Guidance
• Accounting Procedures Handbook Update - Accounting Guidance (tracked changes version)
• Updated Illustrative Commodity Model

The OEB has posted Price Comparison templates for Electricity Contracts and Net Metering valid from May 1, 2023 to October 31, 2023.

Letter announcing the posting of Price Comparison templates.

The OEB has released an Addendum to the Regulated Price Plan Price Report (November 1, 2022 to October 31, 2023).

• RPP Price Report

The OEB has issued a letter providing information about communication materials that electricity distributors can use to assist with the implementation of the Ultra-Low Overnight (ULO) Price Plan, as well as introducing a new reporting requirement for distributors related to ULO.

OEB has issued a letter to stakeholders requesting feedback on proposed revisions to the price comparison templates, disclosure statements and the instructions for completing the price comparisons.

• A.1 Disclosure Statement | Electricity
• A.2.i Residential Price Comparison | Electricity
• A.2.ii Non-Residential Price Comparison | Electricity
• A.3 Price Comparison Instructions | Electricity
• B.1 Disclosure Statement | Net Metering
• B.2.i Residential Price Comparison | Net Metering
• B.2.ii Non-Residential Price Comparison | Net Metering
• B.3 Price Comparison Instructions | Net Metering
• C.1 Disclosure Statement | Dual Fuel

The OEB has issued an Accounting Order for the establishment of a deferral account to record impacts arising from implementing the Ultra-Low Overnight Option.

• Accounting Order

The OEB thanks all those who participated in the survey for their input. The RPP graphic survey is now closed. The feedback will be considered as the OEB finalizes the updated RPP graphics illustrating the TOU, Tiered and ULO price plans.

The OEB has developed new graphics to illustrate the new Ultra-Low Overnight price plan to be launched later this year, as well as the Time-of-Use and Tiered price plans. The OEB welcomes feedback through a survey on the proposed new designs, with the goal of ensuring customers have access to simple, clear information when assessing their choice of price plans.

The OEB has issued the final Notice of Amendments to the Standard Supply Service Code and Regulated Price Plan (RPP) Manual to enable electricity consumers on the RPP the option to enrol in the Ultra-Low Overnight Price Plan, starting May 1, 2023.