ELECTRICITY1
Regulated Price Plan Tiered Pricing:
- 7.1 ¢/kWh/first 1,000 kWhs used per 30 days
- 8.3 ¢/kWh/remaining kWh
Regulated Price Plan Time-of-Use Pricing:
- 10.8 ¢/kWh Highest Price (On-peak)
- 9.2 ¢/kWh Mid Price (Mid-peak)
- 6.2 ¢/kWh Lowest Price (Off-peak)
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Both the Regulated Price Plan (RPP) Tiered Pricing and Time-of-Use Pricing cover the cost of electricity purchased on your behalf. Toronto Hydro passes this cost through to you, without mark-up and pays it directly to our suppliers.
DELIVERY INCLUDES:
(Toronto Hydro-Electric System ["Toronto Hydro"] received authorization from the Ontario Energy Board to implement the following charges effective August 1, 2011.
Transmission Charge1: 1.216 ¢/kWh
This covers the costs involved in transmitting electricity from generators to the city. Toronto Hydro passes this cost through to you, without a mark-up.
Customer Charge: $18.93 per 30 days
(Includes Smart Meter Rate Rider of 68 ¢ per 30 days)
Distribution Charge: 1.271 ¢/kWh
The Distribution Charge, together with Customer Charge, covers the cost of delivering electricity to your home, building and maintaining the distribution system, administration, billing, market transition recovery, as well as smart meter costs.
Contact Voltage Rate Rider: 16 ¢ per 30 days
The Contact Voltage Rate Rider was approved by the Ontario Energy Board on November 11, 2010 and is effective November 1, 2010. It is a temporary charge to recover the cost of emergency remediation work required in 2009 to reduce contact voltage risk to the public. The Contact Voltage Rate Rider is for a period of one and a half years and will cease on May 1, 2012.
Late Payment Penalty Rate Rider: 24 ¢ per 30 days
In February 2011, the Ontario Energy Board approved an amount to be collected from all electricity customers in the province for the settlement of a court case related to how energy distributors in the province previously collected fees for lat payments. This new charge reflects the amount the Ontario Energy Board has approved for collection by Toronto Hydro and is in effect until May 2013.
Foregone Revenue Rate Rider: -0.017 ¢ per 30 days
This rate rider was introduced to collect the revenues Toronto Hydro would have collected has the new rates been implemented on May 1, 2011. This rate rider is effective until April 30, 2012.
Regulatory Asset Recovery Rate Rider: -0.232 ¢/kWh
The Regulatory Asset Recovery Rate Rider is composed of the disposition of amounts related to Wholesale Market Services, transmission costs and tax variances. This is a credit to customers and is to be returned over two years.
Global Adjustment Rate Rider (Non-RPP customers only)3: 0.055 ¢/kWh
This Rate Rider only applies to customers who are not on the Regulated Price Plan. These customers will also continue to see a separate line item on their bill for what is called the Provincial Benefit (or "Global Adjustment").
REGULATORY CHARGES INCLUDE:
Wholesale Operations Charge1: 0.65 ¢/kWh
This charge covers costs such as market regulation and the management of the system. Toronto Hydro collects this charge, without mark-up, on behalf of the Independent Electricity System Operator.
Standard Supply Service - Admin. Charge (if applicable): $0.25 ¢/30 days
This is an administration charge of $0.25 stated on a 30-day basis. If your billing period is different than 30 days, the RPP administration charge will be prorated accordingly. This is a service charge for customers who have not contracted with an electricity retailer for their energy supply.
DEBT RETIREMENT CHARGE: 0.7¢/kWh
This charge is to retire the debt of the former Ontario Hydro. Toronto Hydro collects this charge, without mark-up, on behalf of the Ontario Electricity Financial Corporation.
1Adjustment Factor: When electricity is delivered over a power line, it's normal for a small amount of power to be consumed, or lost, as heat. Equipment, such as wires and transformers, consumes power before it gets to your home or business. The adjustment factor is indicated on your bill and accounts for these losses.
Unmetered Water Heater Charge
As of May 1, 2002, flat rate (unmetered) water heater energy usage is billed on an estimated average daily kWh basis. Your estimated usage is determined by the size of your water heater, the wattage of the water heater electric elements and on the number of days in the billing period.
Customers on the Regulated Price Plan will pay 7.9 ¢/kWh. For combined metered and unmetered water heater services on an account, an annual adjustment will occur, to ensure each account receives the maximum eligible kWhs under the threshold.
Toronto Hydro will no longer offer this unmetered flat rate billing option for the electricity used by your water heater. Click here for more details.
If you have any questions, please contact us by filling out our online form or speak with one of our Customer Care representatives at 416.542.8000.