Business electricity rates

The Ontario Energy Board (OEB) announced new electricity prices in effect for your consumption between November 1, 2020 and April 30, 2021. For more information, visit the OEB website.

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 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.

View the TOU holiday schedule

The Ontario Energy Board (OEB) announced new electricity prices in effect for your consumption between November 1, 2020 and April 30, 2021.

If you're on Tiered pricing, your consumption in kWhs is separated into two price tiers under the government's Regulated Price Plan. You'll be charged one rate for the first 750 kWhs of usage per 30 days. Any electricity that you consume over this 750 kWh threshold will be priced at a higher rate. For more information, please visit the OEB website.

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.

Most General Service customers with monthly demand greater than 50 kW, who do not have a contract with a retailer, pay the wholesale electricity price and Global Adjustment electricity charge. Toronto Hydro collects both charges, without mark-up, on behalf of the Independent Electricity System Operator (IESO).

Customers with interval meters are charged the Hourly Ontario Energy Price (HOEP), which is the hourly price that is charged to Toronto Hydro, for their electricity consumption. Customers without interval meters are charged a weighted average hourly price based on consumption patterns of similar consumers. Customers may also choose a contract offered by a licensed electricity retailer.

Global Adjustment

Global Adjustment accounts for the differences between the market price of electricity and the rates paid to regulated and contracted generators for the electricity they produce. It also reflects the costs of conservation and demand management programs by both the IESO and Toronto Hydro. As a result, its value may be negative, depending on the fluctuation of prices in the spot market.

For medium and large businesses, the Global Adjustment appears as a separate line on your bill. For more details, please visit the OEB website or the IESO website.

You may choose to purchase your electricity by entering a contract with a licensed electricity retailer. The contract specifies a fixed electricity price for a set number of years. Unlike Toronto Hydro's rates, the fixed price is not regulated by the Ontario Energy Board (OEB). Please visit the OEB's Retail Energy Contracts website for more details.

Transmission Charges

The Transmission Charges are variable charges based on a per kWh or kW basis, depending on the rate class. These charges cover the costs involved in transmitting electricity from generators to the city. Toronto Hydro passes this cost through to you, without mark-up.

Charge: $0.01541 per kWh

Customer Charge

The Customer Charge, together with the Distribution Charge, covers the costs Toronto Hydro incurs in delivering electricity to your business, building and maintaining the distribution system, administration, and billing.

Charge: $36.98 per 30 days

Distribution Volumetric Rate

The Distribution Charge, together with the Customer Charge, covers the costs Toronto Hydro incurs to deliver electricity to your business, build and maintain the distribution system, administration and billing.

Charge: $0.03421 per kWh

Rate Rider for Smart Metering Entity Charge

On March 1, 2018 the Ontario Energy Board approved a decrease in Smart Metering Entity Charge to be collected from General Service < 50 kW customers effective April 1, 2018, on behalf of the Smart Meter Entity (SME). This charge, which is applied on a per 30 day basis, recovers the costs incurred by the SME to collect, manage, store and retrieve information related to the metering of General Service < 50 kW customers’ electricity usage in Ontario.

Charge: $0.56 per 30 days

Rate Rider for Recovery of 2020 Foregone Revenue

The charge reflects the OEB approved costs to operate Toronto Hydro's distribution system during interim rates for January and February 2020.

Charge: $0.11 per 30 days

Charge: $0.00010 per kWh

Rate Rider for Disposition of Other Post Employment Benefit Variance

This charge captures the variance between cash and accrual values related to Other Post Employment Benefit (OPEB).

Charge: $0.00053 per kWh

Rate Rider for Disposition of the Impact for USGAAP

This charge captures the impact of the change in the accounting for OPEB as a result of transition to IFRS from USGAAP accounting framework.

Charge: $0.00048 per kWh

Rate Rider for Recovery of Monthly Billing Transition Costs

This charge captures the incremental costs and savings resulting from the mandatory transition to monthly billing for residential and GS<50 kW class customers.

Charge: $0.00018 per kWh

Rate Rider for Application of Operations Center Consolidation Plan

The credit (refund) to the customers is for net gain on the sale of surplus properties.

Credit: $0.00248 per kWh

Rate Rider for Disposition of the Gain on Property Sale

The credit (refund) to the customers is for net gain on the sale of surplus property.

Credit: $0.00040 per kWh

Rate Rider for Disposition of IFRS - CGAPP Property Plant and Equipment

This credit (refund) to customers is for the USGAAP to IFRS transitional cost.

Credit: $0.00012 per kWh

Rate Rider for Disposition of External Driven Capital Variance Account

This credit (refund) charge balance reflects the variance between approved versus actual capital related revenue requirement for externally driven capital.

Credit: $0.00023 per kWh

Rate Rider for Disposition of Deferral/Variance Accounts

This charge reflects the clearance of residual balances for accounts relating to variances for a number of energy-related pass-through costs.

Charge: $0.00038 per kWh

Rate Rider for Disposition of Capacity Based Recovery Account

The credit (refund) recovers the difference between the cost of CBR program in the wholesale energy market and CBR amounts billed to Class B customers.

Credit: $0.00002 per kWh

Rate Rider for Disposition of Global Adjustment Account

This credit (refund) reflects the variance between Global Adjustment paid to the IESO and collected from customers. This Rate Rider only applies to customers who are not on the Regulated Price Plan (Non-RPP), enrolled with a retailer contract.

Credit: $0.00159 per kWh

Transmission Charges

The Transmission Charges are variable charges based on a per kWh or kW basis, depending on the rate class. These charges include the Network and Connection charge and cover the costs involved in transmitting electricity from generators to the city. Toronto Hydro passes this cost through to you, without mark-up.

Network

Charge: $2.9842 per Peak kW per 30 days

Connection

Charge: $2.3822 per Max. kW per 30 days

Customer Charges

The Customer charges outlined below include the Customer Charge and fixed Rate Riders.

Customer Charge

The Customer Charge, together with the Distribution Charge, covers the costs Toronto Hydro incurs in delivering electricity to your business, building and maintaining the distribution system, administration, and billing.

Charge: $49.14 per 30 days

Rate Rider for Recovery of 2020 Foregone Revenue

The credit (refund) reflects the OEB approved costs to operate Toronto Hydro's distribution system during interim rates for January and February 2020.

Credit: $0.21 per 30 days

Distribution Charges

The Distribution Charges outlined below include the Distribution Volumetric Rate and Volumetric Rate Riders.

Distribution Volumetric Rate

The Distribution Charge, together with the Customer Charge, covers the costs Toronto Hydro incurs to deliver electricity to your business, build and maintain the distribution system, administration and billing.

Charge: $7.8922 per kVA per 30 days

Transformer Allowance for Ownership (if applicable)

Transformer Allowance to those customers that own their transformation facilities.

Credit: $0.62 per kVA per 30 days

Rate Rider for Recovery of 2020 Foregone Revenue (Volumetric)

The credit (refund) reflects the OEB approved costs to operate Toronto Hydro's distribution system during interim rates for January and February 2020.

Credit: $0.0189 per kVA per 30 days

Rate Rider for Disposition of Other Post Employment Benefit Variance

This charge captures the variance between cash and accrual values related to Other Post Employment Benefit (OPEB).

Charge: $0.0914 per kVA per 30 days

Rate Rider for Disposition of the Impact for USGAAP

This charge captures the impact of the change in the accounting for OPEB as a result of transition to IFRS from USGAAP accounting framework.

Charge: $0.0827 per kVA per 30 days

Rate Rider for Application of Operations Center Consolidation Plan

The credit (refund) to the customers is for net gain on the sale of surplus properties.

Credit: $0.4304 per kVA per 30 days

Rate Rider for Disposition of the Gain on Property Sale

The credit (refund) to the customers is for net gain on the sale of surplus property.

Credit: $0.0690 per kVA per 30 days

Rate Rider for Disposition of IFRS - CGAPP Property Plant and Equipment

This credit (refund) to customers is for the USGAAP to IFRS transitional cost.

Credit: $0.0200 per kVA per 30 days

Rate Rider for Disposition of External Driven Capital Variance Account

This credit (refund) charge balance reflects the variance between approved versus actual capital related revenue requirement for externally driven capital.

Credit: $0.0407 per kVA per 30 days

Rate Rider for Disposition of Deferral/Variance Accounts (applicable only for non-wholesale market participants)

The credit reflects the clearance of residual balances for accounts relating to variances for a number of energy-related pass-through costs (applicable only for non-wholesale market participants).

Credit: $0.0894 per kVA per 30 days

Rate Rider for Disposition of Deferral/Variance Accounts

This charge reflects the clearance of residual balances for accounts relating to variances for a number of energy-related pass-through costs.

Charge: $0.2422 per kVA per 30 days

Rate Rider for Disposition of Capacity Based Recovery Account

The credit (refund) recovers the difference between the cost of CBR program in the wholesale energy market and CBR amounts billed to Class B customers

Credit: $0.0067 per kVA per 30 days

Rate Rider for Disposition of Global Adjustment Account

This credit (refund) reflects the variance between Global Adjustment paid to the IESO and collected from customers. This Rate Rider only applies to customers who are not on the Regulated Price Plan (Non-RPP), enrolled with a retailer contract.

Credit: $0.00159 per kWh

Transmission Charges

The Transmission Charges are variable charges based on a per kWh or kW basis, depending on the rate class. These charges include the Network and Connection charge, and cover the costs involved in transmitting electricity from generators to the city. Toronto Hydro passes this cost through to you, without mark-up.

Network

Charge: $2.8833 per Peak kW per 30 days

Connection

Charge: $2.3797 per Max. kW per 30 days

Customer Charges

The Customer Charges outlined below include the Customer Charge and fixed Rate Riders.

Customer Charges

The Customer Charge, together with the Distribution Charge, covers the costs Toronto Hydro incurs in delivering electricity to your business, building and maintaining the distribution system, administration, and billing.

Charge: $926.00 per 30 days

Rate Rider for Recovery of 2020 Foregone Revenue

The credit (refund) reflects the OEB approved costs to operate Toronto Hydro's distribution system during interim rates for January and February 2020.

Credit: $5.18 per 30 days

Distribution Charges

The Distribution Charges outlined below include the Distribution Volumetric Rate and Volumetric Rate Riders.

Distribution Volumetric Rate

Distribution Charges

Charge: $6.5219 per kVA per 30 days

Transformer Allowance for Ownership (if applicable)

Transformer Allowance to those customers that own their transformation facilities.

Credit: $0.62 per kVA per 30 days

Rate Rider for Recovery of 2020 Foregone Revenue (Volumetric)

This charge reflects the OEB approved costs to operate Toronto Hydro's distribution system during interim rates for January and February 2020.

Charge: $0.0124 per kVA per 30 days

Rate Rider for Disposition of Other Post Employment Benefit Variance

This charge captures the variance between cash and accrual values related to Other Post Employment Benefit (OPEB).

Charge: $0.0689 per kVA per 30 days

Rate Rider for Disposition of the Impact for USGAAP

This charge captures the impact of the change in the accounting for OPEB as a result of transition to IFRS from USGAAP accounting framework.

Charge: $0.0624 per kVA per 30 days

Rate Rider for Application of Operations Center Consolidation Plan

The credit (refund) to the customers is for net gain on the sale of surplus properties.

Credit: $0.3244 per kVA per 30 days

Rate Rider for Disposition of the Gain on Property Sale

The credit (refund) to the customers is for net gain on the sale of surplus property.

Credit: $0.0520 per kVA per 30 days

Rate Rider for Disposition of IFRS - CGAPP Property Plant and Equipment

This credit (refund) to customers is for the USGAAP to IFRS transitional cost.

Credit: $0.0151 per kVA per 30 days

Rate Rider for Disposition of External Driven Capital Variance Account

This credit (refund) charge balance reflects the variance between approved versus actual capital related revenue requirement for externally driven capital.

Credit: $0.0307 per kVA per 30 days

Rate Rider for Disposition of Deferral/Variance Accounts (applicable only for non-wholesale market participants)

The credit reflects the clearance of residual balances for accounts relating to variances for a number of energy-related pass-through costs (applicable only for non-wholesale market participants).

Credit: $0.1020 per kVA per 30 days

Rate Rider for Disposition of Deferral/Variance Accounts

This charge reflects the clearance of residual balances for accounts relating to variances for a number of energy-related pass-through costs.

Charge: $0.2757 per kVA per 30 days

Rate Rider for Disposition of Capacity Based Recovery Account

The credit (refund) recovers the difference between the cost of CBR program in the wholesale energy market and CBR amounts billed to Class B customers

Credit: $0.0065 per kVA per 30 days

Rate Rider for Disposition of Global Adjustment Account

This credit (refund) reflects the variance between Global Adjustment paid to the IESO and collected from customers. This Rate Rider only applies to customers who are not on the Regulated Price Plan (Non-RPP), enrolled with a retailer contract.

Credit: $0.00159 per kWh

Transmission Charges

The Transmission Charges are variable charges based on a per kWh or kW basis, depending on the rate class. These charges include the Network and Connection charge and cover the costs involved in transmitting electricity from generators to the city. Toronto Hydro passes this cost through to you, without mark-up.

Network

Charge: $3.2868 per Peak kW per 30 days

Connection

Charge: $2.6439 per Max. kW per 30 days

Customer Charges

The Customer charges outlined below include the Customer Charge and fixed Rate Riders.

Customer Charge

The Customer Charge, together with the Distribution Charge, covers the costs Toronto Hydro incurs in delivering electricity to your business, building and maintaining the distribution system, administration, and billing.

Charge: $4,099.14 per 30 days

Rate Rider for Recovery of 2020 Foregone Revenue

The credit (refund) reflects the OEB approved costs to operate Toronto Hydro's distribution system during interim rates for January and February 2020.

Credit: $21.80 per 30 days

Distribution Charges

The Distribution Charges outlined below include the Distribution Volumetric Rate and Volumetric Rate Riders.

Distribution Volumetric Rate

The Distribution Charge, together with the Customer Charge, covers the costs Toronto Hydro incurs to deliver electricity to your business, build and maintain the distribution system, administration and billing.

Charge: $7.0665 per kVA per 30 days

Transformer Allowance for Ownership (if applicable)

Transformer Allowance to those customers that own their transformation facilities.

Credit: $0.62 per kVA per 30 days

Rate Rider for Recovery of 2020 Foregone Revenue (Volumetric)

The charge reflects the OEB approved costs to operate Toronto Hydro's distribution system during interim rates for January and February 2020.

Charge: $0.0195 per kVA per 30 days

Rate Rider for Disposition of Other Post Employment Benefit Variance

This charge captures the variance between cash and accrual values related to Other Post Employment Benefit (OPEB).

Charge: $0.0813 per kVA per 30 days

Rate Rider for Disposition of the Impact for USGAAP

This charge captures the impact of the change in the accounting for OPEB as a result of transition to IFRS from USGAAP accounting framework.

Charge: $0.0736 per kVA per 30 days

Rate Rider for Application of Operations Center Consolidation Plan

The credit (refund) to the customers is for net gain on the sale of surplus properties.

Credit: $0.3827 per kVA per 30 days

Rate Rider for Disposition of the Gain on Property Sale

The credit (refund) to the customers is for net gain on the sale of surplus property.

Credit: $0.0613 per kVA per 30 days

Rate Rider for Disposition of IFRS - CGAPP Property Plant and Equipment

This credit (refund) to customers is for the USGAAP to IFRS transitional cost.

Credit: $0.0178 per kVA per 30 days

Rate Rider for Disposition of External Driven Capital Variance Account

This credit (refund) charge balance reflects the variance between approved versus actual capital related revenue requirement for externally driven capital.

Credit: $0.0362 per kVA per 30 days

Rate Rider for Disposition of Deferral/Variance Accounts (applicable only for non-wholesale market participants)

The credit reflects the clearance of residual balances for accounts relating to variances for a number of energy-related pass-through costs (applicable only for non-wholesale market participants).

Credit: $0.1064 per kVA per 30 days

Rate Rider for Disposition of Deferral/Variance Accounts

The charge reflects the clearance of residual balances for accounts relating to variances for a number of energy-related pass-through costs.

Charge: $0.2939 per kVA per 30 days

Rate Rider for Disposition of Capacity Based Recovery Account

The credit (refund) recovers the difference between the cost of CBR program in the wholesale energy market and CBR amounts billed to Class B customers.

Credit: $0.0046 per kVA per 30 days

Rate Rider for Disposition of Global Adjustment Account

This credit (refund) reflects the variance between Global Adjustment paid to the IESO and collected from customers. This Rate Rider only applies to customers who are not on the Regulated Price Plan (Non-RPP), enrolled with a retailer contract.

Credit: $0.00159 per kWh

Transmissions Charges

The Transmission Charges are variable charges based on a per kWh or kW basis, depending on the rate class. These charges cover the costs involved in transmitting electricity from generators to the city. Toronto Hydro passes this cost through to you, without mark-up.

Charge: $0.01014 per kWh

Customer Charge

The Customer Charge, together with the Distribution Charge, covers the costs Toronto Hydro incurs in delivering electricity to your business, building and maintaining the distribution system, administration, and billing.

Charge: $6.06 per customer 30 days

Connection Charge

Charge: $0.63 per connection per 30 days

Distribution Volumetric Rate

The Distribution Charge, together with the Customer Charge, covers the costs Toronto Hydro incurs to deliver electricity to your business, build and maintain the distribution system, administration and billing.

Charge: $0.07618 per kWh

Rate Rider for Recovery of 2020 Foregone Revenue

The credit (refund) reflects the OEB approved costs to operate Toronto Hydro's distribution system during interim rates for January and February 2020.

Credit: $0.10 per 30 days

Credit: $0.00121 per kWh

Credit: $0.01 per connection per 30 days

Rate Rider for Disposition of Other Post Employment Benefit Variance

This charge captures the variance between cash and accrual values related to Other Post Employment Benefit (OPEB).

Charge: $0.00107 per kWh

Rate Rider for Disposition of the Impact for USGAAP

This charge captures the impact of the change in the accounting for OPEB as a result of transition to IFRS from USGAAP accounting framework.

Charge: $0.00097 per kWh

Rate Rider for Application of Operations Center Consolidation Plan

The credit (refund) to the customers is for net gain on the sale of surplus properties.

Credit: $0.00505 per kWh

Rate Rider for Disposition of the Gain on Property Sale

The credit (refund) to the customers is for net gain on the sale of surplus property.

Credit: $0.00081 per kWh

Rate Rider for Disposition of IFRS - CGAPP Property Plant and Equipment

This credit (refund) to customers is for the USGAAP to IFRS transitional cost.

Credit: $0.00024 per kWh

Rate Rider for Disposition of External Driven Capital Variance Account

This credit (refund) charge balance reflects the variance between approved versus actual capital related revenue requirement for externally driven capital.

Credit: $0.00048 per kWh

Rate Rider for Disposition of Deferral/Variance Accounts

This charge reflects the clearance of residual balances for accounts relating to variances for a number of energy-related pass-through costs.

Charge: $0.00040 per kWh

Rate Rider for Disposition of Capacity Based Recovery Account

The credit (refund) recovers the difference between the cost of CBR program in the wholesale energy market and CBR amounts billed to Class B customers.

Credit: $0.00002 per kWh

Rate Rider for Disposition of Global Adjustment Account

This credit (refund) reflects the variance between Global Adjustment paid to the IESO and collected from customers. This Rate Rider only applies to customers who are not on the Regulated Price Plan (Non-RPP), enrolled with a retailer contract.

Credit: $0.00159 per kWh

Transmission Charges

The Transmission Charges are variable charges based on a per kWh or kW basis, depending on the rate class. These charges include the Network and Connection charge and cover the costs involved in transmitting electricity from generators to the city. Toronto Hydro passes this cost through to you, without mark-up.

Network

Charge: $2.6543 per Peak kW per 30 days

Connection

Charge: $2.8403 per Max. kW per 30 days

Customer Charges

The Customer Charges outlined below include the Customer Charge and fixed Rate Riders.

Customer Charge (per Device)

The Customer Charge, together with the Distribution Charge, covers the costs Toronto Hydro incurs in delivering electricity to your business, building and maintaining the distribution system, administration, and billing.

Charge: $1.56 per device per 30 days

Distribution Charges

The Distribution Charges outlined below include the Distribution Volumetric Rate and Volumetric Rate Riders.

Distribution Volumetric Rate

The Distribution Charge, together with the Customer Charge, covers the costs Toronto Hydro incurs to deliver electricity to your business, build and maintain the distribution system, administration and billing.

Charge: $34.7952 per kVA per 30 days

Rate Rider for Disposition of Other Post Employment Benefit Variance

This charge captures the variance between cash and accrual values related to Other Post Employment Benefit (OPEB).

Charge: $0.5117 per kVA per 30 days

Rate Rider for Disposition of the Impact for USGAAP

This charge captures the impact of the change in the accounting for OPEB as a result of transition to IFRS from USGAAP accounting framework.

Charge: $0.4632 per kVA per 30 days

Rate Rider for Application of Operations Center Consolidation Plan

The credit (refund) to the customers is for net gain on the sale of surplus properties.

Credit: $2.4094 per kVA per 30 days

Rate Rider for Disposition of the Gain on Property Sale

The credit (refund) to the customers is for net gain on the sale of surplus property.

Credit: $0.3860 per kVA per 30 days

Rate Rider for Disposition of IFRS - CGAPP Property Plant and Equipment

This credit (refund) to customers is for the USGAAP to IFRS transitional cost.

Credit: $0.1120 per kVA per 30 days

Rate Rider for Disposition of External Driven Capital Variance Account

This credit (refund) charge balance reflects the variance between approved versus actual capital related revenue requirement for externally driven capital.

Credit: $0.2281 per kVA per 30 days

Rate Rider for Recovery of 2020 Foregone Revenue

The credit (refund) reflects the OEB approved costs to operate Toronto Hydro's distribution system during interim rates for January and February 2020.

Credit: $0.0879 per kVA per 30 days

Rate Rider for Disposition of Deferral/Variance Accounts

This charge reflects the clearance of residual balances for accounts relating to variances for a number of energy-related pass-through costs.

Charge: $0.1402 per kVA per 30 days

Rate Rider for Disposition of Capacity Based Recovery Account

The credit (refund) recovers the difference between the cost of CBR program in the wholesale energy market and CBR amounts billed to Class B customers.

Credit: $0.0062 per kVA per 30 days

Rate Rider for Disposition of Global Adjustment Account

This credit (refund) reflects the variance between Global Adjustment paid to the IESO and collected from customers. This Rate Rider only applies to customers who are not on the Regulated Price Plan (Non-RPP), enrolled with a retailer contract.

Credit: $0.00159 per kWh

Wholesale Market Service Charge

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.

Charge: $0.0035 per kWh

Capacity Based Recovery (CBR) – Applicable for Class B Customers

Charge: $0.0004 per kWh

Standard Supply Service – Administration Charge (if applicable)

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.

Charge: $0.25 per 30 days

As a customer, you may receive charges for other specific services. View a list of specific service charges that may be applied to your bill statement.

The provincial government announced an increase in the OER from 31.8% to 33.2% effective November 1, 2020. The Ontario government introduced the OER as an expanded rebate providing bill relief that will be applied to customer bills, largely offsetting the price changes on the electricity line. The rebate will be applied to bills for most residential consumers, farms, many small businesses and other eligible customers.

Learn more about the OER

Effective July 1, 2010, Harmonized Sales Tax (HST) of 13% is applied to electricity bills. The implementation of HST is mandated by the Province of Ontario. For information on HST, please visit the Ontario Ministry of Revenue or call the HST hotline at 1-800-337-7222.

These charges are applied to current customers who have an unmetered electric water heater billed by Toronto Hydro on a flat rate basis. Toronto Hydro no longer offers this flat rate billing option for new customers.

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. If you have an unmetered electric water heater, you’re being billed on the higher tiered rate of the Regulated Price Plan.

If you have any questions, please visit our contact us page to reach us by phone or using our online contact form.