Understanding how electricity is priced can help you track your usage and better manage your bill. If you buy your electricity from Hydro One directly you are either on the Regulated Price Plan (RPP) Time-of-Use (TOU) or Tiered Pricing.
In addition to TOU and Tiered prices, you may also choose to buy your electricity from an electricity retailer. For more information, see below.
Check your bill to identify which plan applies to you — if you see on-peak, mid-peak, and off-peak prices under the "Electricity" line on your bill, you are on TOU pricing.
Time-of-Use (TOU) pricing can help you gain more control over managing electricity costs, by providing you with more information so you can make better decisions. With TOU you know how much your electricity costs at different times of the day, so you can better manage your electricity use and your monthly bill.
|With TOU you can take advantage of low prices during off-peak periods and monitor your usage during high-peak periods when prices are higher.
Prices are set seasonally by the Ontario Energy Board (OEB), twice a year on May 1st and November 1st. The chart shows current pricing from May 1, 2014 to October 31, 2014.
|| Prices effective from May 1, 2014 until October 31, 2014
|Want to track your usage and control your bill even better? Track your TOU usage through My Account. Want to find out how to ways to use TOU to help save you energy and money? Find out how to manage your usage better with TOU. |
|| May - Oct.
||Up to 600 kWh = 8.6 ¢/kWh|
More than 600 kWh = 10.1 ¢/kWh
Prices effective from May 1, 2014
|| Nov. - Apr.
||Up to 1,000 kWh = 8.3 ¢/kWh|
More than 1,000 kWh = 9.7 ¢/kWh
Prices effective from November 1, 2013
If you've noticed two different prices on your bills and slight changes between winter and summer seasons it's because you're on a Tiered Pricing Plan (also referred to as Tiered Regulated Price Plan or RPP). Two different prices are set twice a year by the OEB, one price applies up to a certain threshold and a higher price applies if you go over this threshold.
The chart includes prices effective from May 1, 2014.
Remember, the contract you sign only covers the commodity (electricity) cost. Delivery charges, regulatory charges, the debt retirement charge and other charges will still apply and customers will see these line items on their bill.
There are a number of adjustments (Global Adjustment and RPP Settlement) that affect the final price you pay. Understanding these adjustments will help you make an informed decision. Learn more.
More information on electricity prices