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Most residential and small business customers have a smart meter and pay Time‐of-Use (TOU) rates for electricity. There are three TOU price periods: On-peak, Mid-peak, and Off-peak. TOU price periods change twice a year in summer (May 1 to October 31) and in winter (November 1 to April 30).
The electricity you use from 7 p.m. to 7 a.m. every day, and all day on weekends and holidays, is the lowest TOU price all year round. With TOU pricing, you can help manage your electricity costs by shifting your usage to lower price periods when possible.
TOU rates are set by the Ontario Energy Board.
Residential and Small Business customers can choose from three pricing options: Time-of-Use Pricing, Tiered Pricing, or Ultra-Low Overnight Pricing.
You can find more information on how to Choose Your Rate Option to help you make an informed choice about which electricity price plan is right for you.
The chart below shows the Time-of-Use rates effective May 1, 2023:
Time-of-Use Rates | Pricing |
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7.4¢ per kilowatt hour |
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10.2¢ per kilowatt hour |
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15.1¢ per kilowatt hour |
Previous Rates - November 1, 2022 to April 30, 2023 |
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The chart below shows the Time-of-Use rates effective November 1, 2022:
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Previous Rates - May 1 to October 31, 2022 |
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The chart below shows the Time-of-Use rates effective May 1, 2022:
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Previous Rates - February 8 to April 30, 2022 |
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February 8, 2022 - Time-of-Use and Tiered prices have resumed. January 18 through February 7, 2022, electricity prices were set at the off-peak price of 8.2¢/kWh, 24 hours per day for all regulated price plan customers. The off-peak rate was applied automatically to residential, small businesses and farms who pay Time-of-Use or Tiered prices set by the Ontario Energy Board. On February 8, 2022, RPP Time-of-Use prices resumed:
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Previous Rates - January 18 to February 7, 2022 |
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Rate Changes for Residential and Small Business Customers Effective January 18, 2022 From January 18, 2022 through February 7, 2022, the government of Ontario is implementing a discounted RPP rate for residential and small business customers of 8.2¢/kWh. This rate will be in place all day, every day, regardless of whether your rate plan is Tiered or Time of Use. This rate will be applied automatically, and it will not affect your rate option (Tiered or TOU) once the discounted rate expires; you are not required to do anything.
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Previous Rates - November 1, 2021 to January 17, 2022 |
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The chart below shows the Time-of-Use rates effective November 1, 2021:
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Previous Rates - May 1 to October 31, 2021 |
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The chart below shows the Time-of-Use rates effective May 1, 2021:
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Previous Rates - February 23 to April 30, 2021 |
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Electricity Rate Changes for Residential and Small Business Customers Effective February 23, 2021 From January 1 through February 22, 2021, the government of Ontario implemented a discounted RPP rate for residential and small business customers of 8.5¢/kWh. This rate was in place regardless of whether your rate plan is Tiered or Time-of-Use. On February 23, 2021, RPP Time-of-Use prices resumed:
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Previous Rates - January 1 to February 22, 2021 |
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Rate Changes for Residential and Small Business Customers Effective January 1, 2021 From January 1, 2021 through February 22, 2021, the government of Ontario is implementing a discounted RPP rate for residential and small business customers of 8.5¢/kWh. This rate will be in place all day, every day, regardless of whether your rate plan is Tiered or Time of Use. This rate will be applied automatically, and it will not affect your rate option (Tiered or TOU) once the discounted rate expires; you are not required to do anything.
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Previous Rates - November 1 to December 31, 2020 |
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The chart below shows the Time-of-Use rates effective November 1, 2020.
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Previous Rates - June 1 to October 31, 2020 |
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COVID-19: Ontario Extends Electricity Rate Relief During COVID-19 The Government of Ontario has implemented a COVID-19 Recovery Rate. From June 1 to October 31, 2020, households, farms, and small businesses who pay Time-of-Use electricity rates will be charged 12.8¢/kWh around the clock. The chart below shows the Time-of-Use rates effective June 1, 2020.
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