TIME-OF-Use Prices ARE COMING SOON

Like all electricity distributors in Ontario, Hydro One has begun a two-year process of switching all residential and small business customers to Time-of-Use electricity prices, beginning in 2010. This is just one part of the provincial government's plan to create a culture of energy conservation in the province. You will be notified directly through the mail approximately 30 days in advance of your switch to Time-of-Use prices with a helpful information kit. 

Time-of-Use Periods

Time-of-Use pricing means that the price you pay for electricity changes depending on the time of day. The Ontario Energy Board (OEB) has developed daily and seasonal Time-of-Use periods shown below. There are three Time-of-Use periods:

• off-peak (shown in green below)
• mid-peak (shown in yellow below)
• on-peak (shown in red below)

The weekends and designated holidays are off-peak all day. Time-of-Use pricing rewards you for using electricity during low-demand (off-peak) periods. By using Time-of-Use prices to manage your electricity costs, you can help reduce the need for additional power generation during peak periods and create real supply and environmental benefits.

Time-of-Use Prices

The OEB has announced new Time-of-Use prices for the 2010 summer season, effective May 1, 2010:

More Benefits

When you are switched to Time-of-Use prices you’ll be able to view your electricity use online and get bills based on actual electricity consumption under normal conditions, regardless of your billing frequency.

• Monthly billed customers will continue to be billed monthly
• Bi-monthly billed customers will move to more regular and convenient monthly billing
• Seasonal customers will continue to be billed quarterly but bills will be based on actual usage for the billing period.

To learn more about Time-of-Use prices and how to make them work for you, visit 10 Smart Meter Lane.