Is Ontario back on time-of-use electricity?
Beginning February 23, 2021, residential and small business customers will resume paying Time-of-Use (TOU) and Tiered pricing under the Regulated Price Plan (RPP) at prices that were set by the Ontario Energy Board (OEB) on December 15, 2020.
What is the time-of-use for hydro in Ontario?
Summer pricing periods from May 1, 2022 to October 31, 2022
| TOU period | Hours | Price |
|---|---|---|
| Off-peak | Weekdays from 7 p.m. to 7 a.m. and all day weekends and holidays | 8.2¢ per kWh |
| Mid-peak | Weekdays from 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m. | 11.3¢ per kWh |
| On-peak | Weekdays from 11 a.m. to 5 p.m. | 17.0¢ per kWh |
Is time-of-use better than tiered?
With TOU rates, customers who use less on average pay more than on tiered rates because they tend to need electricity during high-priced peak periods.”
What is a time-of-use rate?
Time-of-Use rate plans are based on how much energy you use and when you use it. By shifting some electricity usage to times when costs are less and demand is down, you can lower your bill and support a healthier environment.
Is a TOU plan good?
TOU plans can help you manage your energy costs. By taking advantage of lower rates during off-peak and super off-peak periods, you can avoid higher weekday rates when energy resources are in demand.
How much does it cost to do a load of laundry in Ontario?
Some information may no longer be current. If you throw in a load of laundry at five o’clock on a weekday afternoon, it will cost you 73 cents. But if you delay that chore until late in the evening, you’ll pay just 34 cents.
How is time of use measured?
Time-of-use metering is a method of measuring and charging a utility customer’s energy consumption based on when the energy is used. Utility companies charge more during the time of day when electricity use is higher. TOU rates vary by region and utility.
What does time of use mean?
Time-of-Use pricing is an electric rate schedule that adjusts the price of your electricity based on when you’re using it. During hours of high-energy usage, the cost of using electricity is higher as well, which more accurately reflects the cost of electricity on the grid at that time.
How much does it cost to run a fridge?
How much does it cost to run a refrigerator in the US?
| Refrigerator type | Consumption (kWh) | Monthly cost |
|---|---|---|
| Average top freezer refrigerator | 500 | $5.42 |
| Typical efficient compact refrigerator | 200 | $2.17 |
| Modern large side-by-side refrigerator | 800 | $8.67 |
| Older large refrigerator | 2,000 | $21.67 |
What is time-of-use billing?
Time-of-Use is here! Eastern Ontario Power has made the switch to Time-of-Use (TOU) billing for eligible customers. TOU billing divides a consumer’s electricity consumption into three different time periods; on-peak, mid-peak and off-peak.
What is the average time-of-use rate in Ontario?
Comparison of Time-of-Use Rates. According to the Ontario Energy Board, the average household uses 2/3 of their electricity during off-peak hours with the remainder split between mid-peak and off-peak.
When do time-of-use rates apply?
The charts below show when time-of-use rates apply in summer (May 1-October 31) and in winter (November 1-April 30). In summer, electricity use peaks during the hottest part of the afternoon, when air conditioners are running on high. On-peak hours are mid-day.
What are the benefits of Tou billing?
With TOU billing, small changes to daily routines can make a big impact. For example, running high-energy appliances like dishwashers, washing machines and dryers after 7 pm instead of earlier in the day shifts consumption from on-peak and mid-peak periods to an off-peak TOU period resulting in lower charges on your bill.