Green Open Flex Electricity Plan
The price for the Green Open Flex Electricity Plan is calculated using the previous month’s Weighted Average Monthly Hourly Ontario Energy Price + 2.0 cents/kWh for the electricity you use in each year of your agreement term.
Benefits:
- If the market price starts to increase, you have the flexibility to switch to a Green Fixed Plan at any time.1
- No need to worry about threshold barriers or time of use rates.
How is the Green Open Flex Electricity price determined?
The Green Open Flex electricity price for energy consumed in any calendar month is equal to the Weighted Average Monthly Hourly Ontario Energy Price for the previous calendar month plus 2.0 ¢/kWh.
The Ontario IESO calculates a weighted average market price for each calendar month. This average is called the Weighted Average Monthly Hourly Ontario Energy Price and is published on the Ontario IESO website currently at http://www.ieso.ca/imoweb/marketdata/marketData.asp.
The Weighted Average Monthly Hourly Ontario Energy Price is calculated by the Ontario IESO in $/MWh. The Green Open Flex Plan is billed in ¢/kWh so to convert the Weighted Average Monthly Hourly Ontario Energy Price calculated by the Ontario IESO, divide this number by 10.
Example of how the Green Open Flex Electricity Plan works
February 2010 Consumption :
|
3.825 ¢/kWh |
Weighted Average Monthly Hourly Ontario Energy Price (January 2010) |
|
+ 2.0 ¢/kWh |
|
|
5.825 ¢/kWh |
Total Price |
Important points to keep in mind:
- The 2.0 ¢/kWh portion of your Energy Charge stays the same for the entire 5 years.
- Monthly Average Price component adjusts, according to the market, each calendar month.
- Price changes are posted on this web site near the beginning of the calendar month.
Current Green Open Flex Electricity Price
|
Month |
Weighted Average Monthly Hourly Ontario Energy Price + 2.0¢/kWh
|
Total Price |
|
Sep-2009 |
2.844¢/kWh + 2.0¢/kWh |
4.844¢/kWh |
|
Oct-2009 |
2.21¢/kWh + 2.0¢/kWh |
4.21¢/kWh |
|
Nov-2009 |
3.033¢/kWh + 2.0¢/kWh |
5.033¢/kWh |
|
Dec-2009 |
2.759¢/kWh + 2.0¢/kWh |
4.759¢/kWh |
| Jan-2010 |
3.598¢/kWh + 2.0¢/kWh |
5.598¢/kWh |
| Feb-2010 |
5.325¢/kWh + 2.0¢/kWh |
5.825¢/kWh |
- document for the 5-Year Green Open Flex electricity plan (PDF)
The Monthly Average Price may change on a monthly basis thus the Energy Charge which you will be required to pay may also change accordingly on a monthly basis.
1You are entitled to switch only once from the Green Open Flex Plan to an available Direct Energy new 5 Year Green Fixed Plan at the time without penalty. The price of the Green Open Flex product varies monthly based on the Weighted Average Monthly Hourly Ontario Energy Price plus 2¢/kWh. See enclosed Terms and Conditions for details.
