Time-Of-Use PricesJanuary 21, 2021, 1:33 pm
Mid-Peak - $8.5 ¢/kWhWeekdays: 11 am to 5 pm
Time-Of-Use and Tiered Prices
Regulated Price Plan (RPP): Time-Of-Use (TOU) Prices and Tiered Prices
To support people as they stay home during the Province-wide Shutdown, the government will hold electricity prices to the off-peak rate of 8.5 cents-per-kilowatt-hour (8.5 ¢/kWh) for all Time-of-Use and Tiered customers on a temporary basis starting January 1, 2021.
This low rate will be available 24 hours per day, seven days a week for a 28-day period. The off-peak price will automatically be applied to bills of all residential, small business, and farm customers who pay regulated rates.
After the temporary period, electricity prices will be at the rates shown below and as set by the Ontario Energy Board.
Prices effective January 1, 2021. (Prices are subject to change).
The Ontario Energy Board has announced new electricity prices for households and small businesses, effective January 1, 2021, under the Regulated Price Plan.
The winter Time-of-Use pricing (TOU) for the period January 1, 2021 to April 30, 2021 are:
|Weekdays: 7 pm to 7 am
Saturday & Sunday
|Mid-Peak||Weekdays: 11 am to 5 pm||11.9 ¢/kWh|
|On-Peak||Weekdays: 7 am to 11 am & 5 pm to 7 pm||17.6 ¢/kWh|
Time-of-Use rates are based upon specific times of the day and the days of the week when traditionally demand for electricity is at its highest or lowest. When the demand and generation costs for electricity are at their highest, the TOU rates will reflect “On-Peak” prices; when demand and generation costs are low, TOU rates will be lower.
If you purchase your electricity from an electricity retailer, the prices you pay will be different and will be stated in the contract you signed.
The winter Tiered prices for the period January 1, 2021 to April 30, 2021 are:
|Tier 1||Residential: first 1,000 kWh per month
Non-Residential: first 750 kWh per month
|Tier 2||Residential: uage over 1,000 kWh per month
Non-Residential: usage over 750 kWh per month
The threshold that defines higher and lower electricity prices for residential Regulated Price Plan consumers is set at 600 kilowatt hours per month during the summer (May 1 to October 31) and 1,000 kilowatt hours per month during the winter (November 1 to April 30). This difference recognizes that consumers use more electricity for lighting and indoor activity in the winter and that some Ontarians are reliant on electricity for their heating source.
If you purchase electricity from an electricity retailer, the prices you pay will be different and will be stated in the contract you signed.