Time-Of-Use Electricity Pricing
(Current Time-Of-Use prices effective May 1, 2018 - October 31, 2018)
The Global Adjustment credit set by the OEB effective May 1, 2018 is $44.38/MWh or 4.4 ¢/kWh
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What is Time-Of-Use (TOU) Pricing?
Time-Of-Use pricing is an electricity pricing structure that varies depending on the time of day, day of the week (weekday, weekend or holiday), and the season.
This pricing structure better reflects the way electricity prices work in the electricity market. Electricity market prices rise and fall depending on our demand for it and the availability of supply.
Why Change to Time-Of-Use Pricing?
Under the current Regulated Price Plan (RPP), the price you have been paying for electricity is the same no matter what time of day you use it. This leaves very little financial incentive for consumers to shift their usage to off-peak times of the day.
With rates that fluctuate at varying peak demand times in a 24-hour period, you will have the opportunity to change your electricity usage to off-peak times when electricity is least expensive.
For more information regarding Time-of-Use rates, please visit the IESO web site at www.ieso.ca.
Visit the Tips and Tools section of this website to see what you can do to save energy and reduce your electricity bill!
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