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Electricity Prices and Costs

We’re committed to providing our customers with the latest information about electricity prices set by the Ontario Energy Board (OEB).

Since 2022, the OEB has set Regulated Price Plan (RPP) electricity prices annually on November 1st. Time-of-Use (TOU) demand periods and seasonal tiered price thresholds continue to change twice a year with the change of seasons.

You now have choice in plans! Let us help you choose a price plan that works best for you.

Now Available! Ultra-Low Overnight Price Plan

Have an electric vehicle (EV)? You can now charge your EV overnight at the lowest electricity price ever offered in Ontario. See details and ways to switch pricing pl​ans below.​​


Time-of-Use Price Plan (TOU)

The majority of our customers pay Time-of-Use (TOU) prices.

TOU pricing reflects the cost of producing electricity at different times of day based on demand. TOU pricing has three periods: on-peak, when energy demand and cost is high, mid-peak, when energy demand and cost is moderate, and off-peak, when energy demand and cost is low.

TOU pricing ultimately gives you more control over your electricity bill. By adjusting your usage habits, TOU pricing enables you to save money during hours when electricity is more expensive. To learn more about TOU pricing and its three demand periods, visit Understanding Your Electricity Bill. To learn more about electricity prices, visit the Ontario Energy Board. View historical electricity rates.

Time-of-Use Summer Periods and Prices

Time-of-Use electricity prices change throughout each weekday, when demand is on-peak from 11am to 5pm, mid-peak from 7am to 11am and 5pm to 7pm, and off-peak from 7pm to 7am. Weekends and holidays are off-peak prices all day. Prices shown below are effective until October 31, 2024.

Winter 2023 Time-of-Use demand prices legend: On-Peak 18.2 cents per kilowatt hour, Mid-Peak 12.2 cents per kilowatt hour, Off-Peak 8.7 cents per kilowatt hour  
Illustration of the Winter 2023 TOU demand and pricing periods

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Tiered Price Plan (RPP)

Some of our customers without smart meters or in certain rural areas of the province, or who have chosen to switch pricing plans, fall under the Tiered Pricing plan.
If you have noticed two different prices on your bill and slight changes between winter and summer seasons it is because you are on a Tiered Pricing Plan. Customers on this pricing model can submit their own meter reading to ensure that they are billed for actual consumption rather than an estimate.

Regulated Price Plan (RPP) Seasonal Thresholds and Prices

Seasonal price thresholds change twice a year, on May 1 and November 1. Prices shown below are effective until October 31, 2024. View historical electricity rates.

Winter 2023 Tiered demand prices legend: Tier 1 is 10.3 cents per kilowatt hour up to 1,000 kilowatt hours per month, and Tier 2 is 12.5 cents per kilowatt hour for usage over 1,000 total kilowatt hours per month  
Summer 2023 Tiered demand and pricing periods: Summer period from May 1 to October 31 with Tier 1 threshold of 600 kilowatt hours per month, Winter period from November 1 to April 30 with Tier 1 threshold of 1,000 kilowatt hours per month, and Small business year-round with a Tier 1 threshold of 750 kilowatts per month

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NEW! Ultra-Low Overnight Price Plan (ULO)

More choice is here. You can now choose to switch to the Ontario Energy Board's new Ultra-Low Overnight (ULO) price plan. Specially designed for customers who use more electricity at night, such as those who charge their electric vehicle, this new price plan can help customers keep costs down and take control of their electricity bill by shifting usage to the ultra-low overnight price period when province-wide electricity demand is lower.

This new plan has four price periods that are the same in the summer as they are in the winter. With this plan, the electricity rate from 11pm to 7am is 2.8 cents/kWh, weekdays from 7am to 4pm and 9pm to 11pm is 12.2 cents/kWh and the on-peak price from 4pm to 9pm is 28.6 cents/kWh. Weekend and holidays off-peak price (7am to 11pm) is 8.7 cents/kWh.

To see if this change is right for you, use our calculator.

Prices shown below are effective until October 31, 2024. View historical electricity rates.

Winter 2023 Ultra-Low Overnight demand prices legend: On-peak price of 28.6 cents per kilowatt hour, Mid-peak price of 12.2 cents per kilowatt hour, weekend off-peak price of 8.7 cents per kilowatt hour, and Ultra-low overnight price of 2.8 cents per kilowatt hour  
2023 Year-round Ultra-Low Overnight demand periods: Weekday periods are Mid-Peak from 7 AM to 4 PM and 9 PM to 11 PM, On-Peak from 4 PM to 9 PM, and Ultra-Low Overnight from 11 PM to 7 AM; Weekends and Statutory Holidays are Off-Peak from 7 AM to 11 PM and Ultra-Low Overnight from 11 PM to 7 AM

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Other Price Plans & Rebates

Retailer Enrolled

You may also choose to buy your electricity from an electricity retailer. Not all retail contracts are the same, most offer a fixed price over a period of time. Before you sign a contract, read it carefully so you are aware of all terms and conditions.

Remember, the contract you sign only covers the electricity cost. Delivery charges, global adjustment charges, regulatory charges, and other charges will still apply and customers will see these line items on their bill.

Understand My Bill

Ontario Electricity Rebate

The Government of Ontario introduced the Ontario Electricity rebate in 2019.  It’s shown at the bottom of bills as a pre-tax credit. The amount of the rebate has been increased to 19.3% (from 11.7%), effective November 1, 2023.

Residential, seasonal, and small business customers are automatically eligible for the rebate, as well as any customer who is using less than 250,000 kWh a year. Registered farming businesses and licensed long-term care homes (as long as they don't share an account with a hospital) are also eligible to receive the rebate.

The rebate is calculated on the base amount of the bill prior to applying HST. The base amount includes the Electricity charge, Delivery charge, and Regulatory Charges. It excludes any other charges that may appear on bills such as late payment charges or disconnection charges. If your first bill issued after November 1, 2023 includes any usage in September and October, the rebate will be pro-rated based on the number of days in September and October at 11.7% and the number of days on and after November 1 at 19.3%.

Weighted Average Hourly Spot Price (WAHSP)

A small number of our customers are assessed under the Weighted Average Hourly Spot Price (WAHSP). For customers who do not have an interval meter installed and who have not signed a contract with an energy retailer, or are not eligible for the Regulated Price Plan, they will be supplied under the Standard Supply Service and will be charged a price based on the current market rates weighted over the billing period, using our specific net system load shape (based on adjusted kWh).

Hourly Ontario Energy Price (HOEP)

The Hourly Ontario Energy Price (HOEP) is assessed for customers with an interval meter installed who have not signed a contract with an energy retailer. Their electricity is supplied under the Standard Supply Service and they will be charged a price based on the actual hourly market rate within their billing period (based on adjusted kWh).

Global Adjustment

Global Adjustment is collected on behalf of the Independent Electricity System Operator (IESO) and covers the cost for providing both adequate generating capacity and conservation programs for Ontario.
To learn more about Global Adjustment components and costs, visit the IESO’s website.

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Does switching price plans benefit you?

Try our calculator to see if you’d be better off financially by making a switch to Tiered pricing or Ultra-Low Overnight pricing. Click on the calculator to enter the information from a current bill to see the monthly difference by making a switch from Time-of-Use (TOU) to Tiered or Ultra-Low Overnight pricing.

If you’d prefer to see an estimate based on your past 12 months of usage if available*, please log on or register for myAccount .

*Please note a minimum of 90 days billing history is needed to receive an estimate.

3 easy ways to switch

  1. Log on or register for myAccount at

  2. Submit a secure form.

  3. Call our automated phone system anytime at 1-888-664-9376 (press 2 or say “billing”, then press 3 or say “pricing”).