Business rate change
The Ontario Energy Board (OEB) has announced there will be little change to electricity prices and that summer Time-of-Use (TOU) hour come into effect on May 1.
Types of electricity rates
TOU rates work together with your smart meter. With TOU rates, you pay according to the time of day you use electricity. So it's important to manage how much electricity you use and when you use it.
The OEB has announced new electricity prices in effect for your consumption between May 1, 2019 and October 31, 2019.
|On-Peak||Weekdays from 11 a.m. to 5 p.m.||13.4¢ per kWh|
|Mid-Peak||Weekdays from 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m.||9.4¢ per kWh|
|Off-Peak||Weekdays from 7 p.m. to 7 a.m. and all day weekends and holidays||6.5¢ per kWh|
The rates quoted above 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.