Time of Use
The Ontario Energy Board (OEB) has established Time-Of-Use rates for customers with smart meters. Time-Of-Use periods will vary depending on the time of day, the day of the week, and the month of the year (summer or winter). When Time-Of-Use pricing is introduced, the combination of a smart meter and a 'smart' price plan means that customer will have an incentive and the ability to control their energy costs by moving usage to off-peak periods (for example running the dishwasher at night) or lowering energy use during peak periods (such as setting the air-conditioning a few degrees warmer during the afternoon).
There are 3 time-of-use periods
** Effective June 1, 2020, the price for electricity used at all hours of the day is set at 12.8 cents/kWh. This applies to utilities and unit sub-meter providers for customers on time-of-use pricing. The Ontario government announced that this pricing will be in effect from June 1 to October 31, 2020.
* Weekends and holidays are off-peak during both the Winter and Summer periods
Tiered Pricing
Winter Tiered Pricing Extended
To provide greater price stability for consumers staying at home due to COVID-19, the OEB is keeping the prices set in November 2019, and the winter tier threshold for households, in place after May 1, 2020.
On May 1, the winter tier threshold for residential customers usually shifts to its lower summer value of 600 kWh/month. Keeping the winter 1,000 kWh threshold provides households with an additional 400kWh/month at the lower price.
Households on tiered pricing continue to pay 11.9¢/kWh for the first 1,000 kWh of electricity they use per month; 13.9¢ for each additional kWh. Small businesses on tiered pricing continue to pay 11.9¢/kWh for the first 750 kWh of electricity they use per month; 13.9¢ for each additional kWh.
Tariff of Rates and Charges
To download the Tariff of Rates and Charges, click here
Effective May 1st, 2020
Approved by the Ontario Energy Board (OEB)
Schedule A
To download the "To Decision and Rate Order - Tariff of Rates and Charges"
OEB File No: EB-2019-0058
DATED: April 16, 2020