Business rates change
Effective November 1, 2019, the Ontario Energy Board (OEB) announced changes to electricity rates for customers paying under the Regulated Price Plan (RPP) for Time-of-Use (TOU) and Tiered rates.
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 announced new electricity prices in effect for your consumption between November 1, 2019 and April 30, 2020.
|On-peak||Weekdays from 7 a.m. to 11 a.m. and 5 p.m to 7 p.m.||20.8¢ per kWh|
|Mid-peak||Weekdays from 11 a.m. to 5 p.m.||14.4¢ per kWh|
|Off-peak||Weekdays from 7 p.m. to 7 a.m. and all day weekends and holidays||10.1¢ 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.