Time-of-Use
Time-of-Use (TOU) rates are an important step to making Ontario's electricity system greener and more efficient. TOU rates will tie electricity prices to the level of demand on the system. When demand and the cost of producing electricity is highest, an "on-peak" rate will apply. When demand and production costs are lower, rates will also be lower. Shifting your use away from peak times not only positively impacts your electricity bill, but also makes Ontario air cleaner and avoids investment in new peaking generation.
The smart meter that replaced your traditional electricity meter tracks the amount of electricity you use, as well as the time of day and day of the week that you use it. Under TOU rates, Veridian will use the information received from your smart meter to calculate you bill based on when you use electricity. By managing when your household uses electricity, you will become an active participant in shaping the future of Ontario's energy system.
Have a question about smart meters? Visit our FAQs about Time-of-Use section.
What do Time-of-Use rates look like:
Weekday off-peak is starting earlier at 7 p.m.
As of May 1, the off-peak period on weekdays starts at 7 p.m. (from 9 p.m.) to provide consumers with two more hours in the evening at the lowest TOU price. Weekends and holidays are always entirely at the off-peak price.
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Summer Rates
(May 1 to Oct 31)
In the summer, on-peak prices apply during the middle of the weekday (from 11 a.m. to 5 p.m.), reflecting the increase in the air conditioning use.
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Winter Rates
(Nov 1 to Apr 30)
In the winter, on-peak prices apply in the morning (7 a.m. to 11 a.m.) and evening (5 p.m. to 7 p.m.), when demand ramps up as residential electricity use increases.
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Weekends and Holidays
(All year)
All hours of the day are off-peak.
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Most Current TOU Prices
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Highest Price (On-Peak)
10.8 cents/kWh
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Mid Price (Mid-Peak)
9.2 cents/kWh
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Lowest Price (Off-Peak)
6.2 cents/kWh
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Note: Prices subject to change every six months.
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View a print version of the Time-of-Use price chart
2012 Holiday Schedule for Time-of-Use Prices
Important Links
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Time-of-Use Rates at Work is an online tool designed to help small businesses better understand TOU rates. It lets small businesses input some basic information about their electricity use to build a load profile. The profile shows the commodity costs under TOU rates and the impact some simple conservation measures can have on their bill.
Please note: The electricity consumption figures shown on Time-of-Use Rates at Work are illustrative only and are based on many broad generalizations.
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