Track your hydro usage with the Time of Use Toolkit. Click on the visual graphs and charts to view usage right down to the day and hour. Register and login In Ontario, when demand is lower, most of the power we use comes from sources like nuclear generators and large hydroelectric stations which are designed to click here to view information regarding Time-of-Use rates and details. customers of Niagara Peninsula Energy Inc are set by the Ontario Energy Board ( OEB). TOU prices encourage households and small businesses to use electricity during lower-cost time periods. TOU prices are set to be cheapest when demand is
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Time-of-use electricity prices are like some cell phone rates, which are cheapest when demand is lowest: during the evenings, on weekends and on holidays. Likewise, electricity rates in Ontario are cheapest when demand is low. That’s because the province is using a steady stream of its cheapest electricity. Smart Meters and Time-of-Use rates are an initiative of the provincial government to promote conservation and reduce peak demand for electricity. Peak demand happens when we all use electricity at the same time. Unlike most commodities, electricity cannot be stored and must be generated in real time to meet Ontario's needs. To see the difference shifting to Time-of-Use rates can make to your bill, check out the IESO's (Independent Electricity System Operator) Smart House. Time-of-Use rates & periods are published and set by the Ontario Energy Board (OEB). Please visit the OEB's website for current pricing. How are Time-of-Use rates set? The Ontario Energy Board reviews the TOU rates based on electricity market prices over the previous six months as well as its forecast of future electricity prices over the next year. TOU rates reflect the fact that the cost to provide electricity changes throughout the day. When demand is low, less expensive Time-of-Use pricing rewards you for using electricity during low-demand periods whenever possible (reflected in green). These Time-of-Use rates – off-peak, mid-peak and on-peak, will vary between summer and winter. As you can see from the seasonal charts below, the lowest rates are at night, on weekends and statutory holidays. Putting you in Time-Of-Use (TOU) Rate Plans. If you are able to manage your energy habits, one of our Time-Of-Use plans may be the best fit for your home. Rates on a TOU plan are based on the time of day and the season. With Time-of-Use (TOU) prices, customers pay prices that generally reflect the relative value of electricity supply at different times of the day.There are three TOU periods – on-peak, mid-peak and off-peak. Prices are highest during on-peak, lower during mid-peak and lowest during off-peak.
Time-of-Use Rates. Time-of-use rates (TOU) paid by residential and small business customers include the global adjustment charge. The Ontario Energy Board sets time-of-use rates. A regulation, passed March 22, 2019, requires that regulated prices are set so that the monthly bill for a proxy customer increases by the rate of inflation relative to Time-of-use holiday schedule. Electricity used on weekends and holidays is charged the off-peak price all year long. This page lists the holidays when off-peak time-of-use (TOU) prices are in effect. Note: If a holiday falls on a weekend, the next weekday (that is not also a holiday) will have off-peak prices in effect all day. Every time there are new time-of-use rates for electricity in the province, the OEB updates its website. Usually, prices are separated between summer and winter rate periods. Rates in Ontario vary according to the demand, so morning and afternoons offer higher prices, since companies, stores, industries and all types of businesses tend to be open during that time. One Week Time-of-Use Chart. These charts show weekly calendars for Time-of-Use price periods - one for summer and one for winter. Green represents off-peak hours, which total 64% of the total week, and stay the same summer and winter. The Ontario Energy Board (OEB) is reminding households and small businesses that as of November 1, 2017, the time-of-use (TOU) price periods are changing, as is the threshold for residential customers that are paying tiered prices. TOU prices will not be changing. Time-Of-Use (TOU) Rate Plans. If you are able to manage your energy habits, one of our Time-Of-Use plans may be the best fit for your home. Rates on a TOU plan are based on the time of day and the season.
1 Nov 2019 Ontario Electricity Time-of-use Price Periods. Prices effective. November 1, 2019. 10.1. Off-peak. ¢/kWh. 14.4. Mid-peak. ¢/kWh. 20.8. On-peak. Ontario Hydro consumers can purchase fixed rate electricity contracts to protect themselves from rising electricity costs. Electicity rates in Ontario. Hydro Peak Hours: Learn about Ontario Time-of-Use Electricity Rates and find out the best and cheapest time to use hydro-powered appliances at home. To learn more about electricity prices, visit the Ontario Energy Board. Time-of- Use Winter Demand Periods and Prices. Price Overview. Electricity prices change in response to supply and demand. Here is an overview of pricing in Ontario's electricity market, including access to Ontario has introduced smart meters – along with a. “time-of-use” electricity price structure – to help you manage your A comparison chart will show the Ontario's electricity grid… by easing pressure during high-demand hours. Rate Periods; Smart Meters; Holiday Schedule; FAQ. Rate Periods. With Time-of-Use