Time-Of-Use PricesAugust 11, 2022, 2:10 am
Off-Peak - 8.2 ¢/kWhWeekdays: 7 pm to 7 am
Saturday, Sunday & Holidays
Time-Of-Use and Tiered Prices
Regulated Price Plan (RPP): Time-Of-Use (TOU) Prices and Tiered Prices
The Summer 2022 electricity Time-of-Use periods and Tiered pricing thresholds, effective May 1, 2022, under the Regulated Price Plan as set by the Ontario Energy Board, are shown below:
Summer Time-of-Use (TOU) periods for May 1, 2022 to October 31, 2022:
|Price Period||Time||TOU Prices|
|Off-Peak||Weekdays: 7 pm to 7 am
All day weekends
Weekdays: 7 am to 11 am and
Weekdays: 11 am to 5 pm
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.
Summer Tiered threshold prices for May 1, 2022 to October 31, 2022:
|Tier 1||Residential: first 600 kWh per month
Non-Residential: first 750 kWh per month
|Tier 2||Residential – for electricity used above 600 kWh/month
Non-residential – for electricity used above 750 kWh/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.
The Ontario government in December 2021 enacted legislation which, as of January 1, 2022, requires the Ontario Energy Board to set Regulated Price Plan (RPP) electricity rates annually on November 1st – the practice to setting RPP rates twice a year (May 1 and November 1) has been discontinued.
If you purchase electricity from an electricity retailer, the prices you pay will be different and will be stated in the contract you signed.